Suppose you got a gift certificate to attend a concert in


Question - "Suppose you got a gift certificate to attend a concert in town. The price of admission is $40. You would be willing to pay $30 to see the concert. Your neighborhood offered to pay you $20 for the ticket. Instead, you gave it to me as a gift. How much did this gift cost you as a gift?"

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Microeconomics: Suppose you got a gift certificate to attend a concert in
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