Gregory Is Considering Attending a Concert with a Ticket Price

question 191

Multiple Choice

Gregory is considering attending a concert with a ticket price of $40.He estimates that the cost of driving to the concert and parking there will add an additional $20.In order to attend the concert,Gregory 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 $8 per hour.Gregory's opportunity cost of attending the concert equals

• A) $80.
• B) $100.
• C) $40.
• D) $60.
• E) $20.

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Definitions:

False Imprisonment

The act of restraining a person's freedom of movement without legal authority, justification, or the individual's consent.

Probable Cause

Probable cause is a legal standard that requires a reasonable basis for believing that a crime has been committed or that certain property is connected with a crime, used as a criterion for lawful search and arrest.

Merchants

Individuals or entities engaged in the buying and selling of goods or services for profit.

Conversion

The unauthorized act of possessing or using someone else's property as if it were one's own, which interferes with the owner's rights.