Carl Is Considering Attending a Concert with a Ticket Price

question 113

Multiple Choice

Carl is considering attending a concert with a ticket price of $35.He estimates that the cost of driving to the concert and parking there will total an additional $20.In order to attend the concert,Carl will have to take time off from his part-time job or forgo studying for an exam scheduled for the next morning.He estimates that he will lose 5 hours at work,at a wage of $6 per hour,or 5 hours of study time.If Carl considers studying the best alternative use of his time,his opportunity cost of attending the concert equals

• A) $55
• B) $55 plus the value of the higher exam grade he could earn by studying for 5 hours
• C) $85 plus the value of the higher exam grade he could earn by studying for 5 hours
• D) $85 minus the value of the higher exam grade he could earn by studying for 5 hours
• E) $55 minus the value of the higher exam grade he could earn by studying for 5 hours

---

Definitions:

Fluorobenzene

A halogenated benzene derivative with a chemical formula C6H5F, often utilized as an intermediate in organic synthesis.

Benzene

A cyclic hydrocarbon with the formula C6H6, recognized for its aromatic properties and widespread use as a starting point in the manufacture of numerous chemicals.

3-bromotoluene

3-bromotoluene is a brominated aromatic compound with a bromine atom attached to the third position of a toluene molecule.

Toluene

A colorless, water-insoluble liquid hydrocarbon with the chemical formula \(C_7H_8\), used as an industrial solvent and precursor in chemical synthesis.