Lindsay purchased a raffle ticket for $5. just before the grand prize drawing two people tried to buy her ticket. the first person offered $30, and another offered $65. what is lindsay's opportunity cost of keeping the raffle ticket?

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Business

Meadow Hoover

10 May, 04:15

Lindsay purchased a raffle ticket for $5. just before the grand prize drawing two people tried to buy her ticket. the first person offered $30, and another offered $65. what is lindsay's opportunity cost of keeping the raffle ticket?

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Will Griffith · Answer 1

The correct answer is $65.00

Opportunity Cost alludes to an advantage that a man could have gotten, yet offered up, to make another decision. This cost is, in this way, most important for two fundamentally unrelated occasions. In contributing, it is the distinction consequently between a picked speculation and one that is essentially left behind.