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Calculate the opportunity cost of going to see the movie

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Reference no: EM133134316

It is Saturday night and you are deciding whether to go to a movie or to see a local band play. You are willing to pay up to $15 for the movie and $30 for the band. Movie tickets cost $7 and seeing the band will cost you $20.

(i) Calculate the opportunity cost of going to see the movie.

(ii) Calculate the opportunity cost of going to see the band.

Reference no: EM133134316

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