Related to the Economics in Practice on P

question 51

Multiple Choice

Related to the Economics in Practice on p.88: When acquiring a ticket for a play takes a significant amount of time,the true economic cost of that ticket would include all of the following factors EXCEPT

• A)the amount of time spent acquiring the ticket.
• B)the utility provided by seeing the play.
• C)the earning power of the person acquiring the ticket.
• D)the purchase price of the ticket.

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