Carl Is Considering Attending a Concert with a Ticket Price

question 148

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.He estimates that he will lose 5 hours at work,at a wage of $6 per hour.Carl's opportunity cost of attending the concert equals

• A) $35
• B) $55
• C) $30
• D) $65
• E) $85

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Definitions:

Agoraphobia

An anxiety disorder characterized by an intense fear of being in situations where escape might be difficult or help wouldn't be available if things go wrong.

Panic Attack

A sudden onset of intense fear or discomfort, characterized by symptoms such as rapid heartbeat, sweating, and feelings of doom.

Public Place

A location that is generally open and accessible to people, such as parks, streets, and public squares.

Obsessive-Compulsive Disorder

A chronic anxiety disorder where a person has uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) they feel the urge to repeat.