Discuss how much would you have to value seeing the cubs


Suppose the ticket has no resale value. You are offered a free ticket to see the Chicago Cubs play the Chicago White Sox at Wrigley Field. Willie Nelson is performing on the same night, and his concert is your next-best alternative activity. Tickets to see Willie Nelson cost $40. On any given day, you would be willing to pay up to $50 to see and hear Willie Nelson perform. Suppose there are no other costs of seeing either event. Based on this information, at a minimum, discuss how much would you have to value seeing the Cubs play the White Sox to accept the ticket and go to the game?

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Macroeconomics: Discuss how much would you have to value seeing the cubs
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