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That trip would cost 50 but she would be willing to pay up

Carmen bought a $125 ticket to attend the Outside Lands Music & Arts Festival in San Francisco. Because it stars several of her favorite rock groups, she would have been willing to pay up to $200 to attend the festival. However, her friend Bessie invites Carmen to go with her to the Monterey Bay Aquarium on the same day. That trip would cost $50, but she would be willing to pay up to $100. What is her opportunity cost of going to the aquarium?

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Econometrics: That trip would cost 50 but she would be willing to pay up

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Econometrics: That trip would cost 50 but she would be willing to pay up

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