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Problem Solution

What is the opportunity cost of going to the football game on Friday night instead of work at the mall when you make $7.50 an hour and usually work six hours? Admission to the game is free for students, but you usually spend about $5 on snacks while you are there

Answer provided by our tutors

The opportunity cost is:

6*7.50 + 5 = 45 + 5 = $50

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