Reference no: EM132373499

You won a ticket to a hockey playoff game by having your name drawn from a hat at a charity event. You were excited about? going, but on the day of the? game, a major snowstorm has hit and conditions are miserable. Would you be more likely to go if you had bought the ticket yourself instead of winning? it? Relate your answer to opportunity costs and sunk costs.

Compared to if you had bought the? ticket, the effect of the snowstorm on whether you use the ticket you won should be

A. the same because the opportunity cost of the free ticket is higher.

B. smaller because the ticket has no opportunity cost.

C. greater because a purchased ticket has a larger sunk cost.

D. the same because the cost of the ticket is a sunk cost.