What would be total economic cost of attending performance

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Reference no: EM133917810

Problem

Alexandra purchased a pass for a local music festival, which cannot be refunded or given away. The pass cost $120, and transportation from Alexandra's house to the festival venue will require an additional $30. Alexandra values the festival at $500. Unaware of Alexandra's prior commitment, her friend asks her to a theater performance happening at the same time. The theater ticket costs $50 (which Alexandra does not yet have) and transportation to the theater costs $15. Get the instant assignment help. Alexandra's maximum willingness to pay for the theater tickets is $250. If Alexandra attends the theater performance, what would be the total economic cost of attending the performance?

Reference no: EM133917810

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