You have a ticket to go to a concert by one of your favorite groups, the Hives, which you cannot resell. However, you can buy a ticket for $4040 to attend a talk by Steven Colbert, at the same time as the concert. You are willing to pay up to $8080 to hear Colbert. Given that there are no other costs involved in attending either event, what is your opportunity cost of attending the Hives concert?

The opportunity cost of attending the Hives concert is $4040

Explanation:

To calculate the opportunity cost we have to determine the benefit that we would forgo by attending the hives concert. Since I don't occur no additional fee to attend the hives concert, the opportunity cost is the forgone benefit of attending the Colbert concert.

As we value attending the Colbert concert at $7070 but we have to pay only $2525 our net benefit will be

Therefore, the opportunity cost is $4545 for attending the hives concert.

no u can still get a job there u just have to be determined.

answer; the correct answer is (direct foreign investment);