A ticket to an Eric Clapton concert costs $45. If you have a ticket, you can “scalp” it (sell it illegally) for $75. To a ticket holder, the opportunity cost of actually attending the concert is
A. $45.
B. $50.
C. $75.
D. $115.
Answer: C
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What will be an ideal response?
The marginal propensity to consume (mpc) can be defined as the fraction of
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