Problem
Albert currently has a ticket to the Mavericks vs. Warriors game. This ticket has already been paid for and cannot be sold or transferred to anyone else. Originally, the ticket to the game cost Albert $400, and getting from Albert's house to the game will cost him an additional $50. Albert is a huge Luka Doncic fan trying to set the record for most Doncic games attended in a season. As a result, his maximum willingness to pay for the Mavericks vs. Warriors game is $600. However, scheduled the same day as the basketball game is a touring production of "1776" that Albert's friend is going to. His friend asks him to accompany her to "1776", but doing so would require purchasing a "1776" ticket for $200 and also missing the basketball game. In addition, it would cost $20 in transportation fees to get to the theater where "1776" is showing. Albert's maximum willingness to pay for the "1776" ticket is $250. Given all this information, what is the total economic cost to Albert of attending the "1776" production?