Ik Joon decides to attend a DMB concert. Ticket price=$150. If Ik Joon did not g

Question

Ik Joon decides to attend a DMB concert. Ticket price=$150. If Ik Joon did not go to the concert, he would have waited tables at The Virginian and made $50. If he hadn't waited tables, he would have studied. If he hadn't studied, he would have taken a nap. The economic cost of his attending the DMB concert is: $150, plus income foregone at The Virginian, plus study time foregone, plus nap time foregone $150 (i.e., the ticket price) $150, plus income foregone at The Virginian $150, plus income foregone at The Virginian, plus study time foregone (but not nap time foregone) $150, plus income foregone at The Virginian, plus nap time foregone (but not study time foregone)

Explanation / Answer

C is the correct ans the economic cost doent include nap study etc so the cost will be 150 +50 cheers :) ans = C

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