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1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concert tickets MOST LIKELY represent?

1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concert tickets MOST LIKELY represent?
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5 votes
1) Benjamin has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concert tickets MOST LIKELY represent?

User Aurast
by
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2 Answers

4 votes
The concert tickets would most likely represent an opportunity cost.
User Gilly
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8.4k points
2 votes
The concert tickets are represented as an opportunity cost. 
User Kervin Ramen
by
8.4k points
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