Calcul8r's Comments

$10 may be the correct answer from an economist's point of view, but an accountant will have a different answer: $0.

Accountants compute value as the lower of cost or market. Since the cost of the Dylan tickets is $40, that is the value regardless of the satisfaction gained from attending the concert. Since the satisfaction and value are both $40 dollars, the amount gained from attending Dylan is zero and there are no opportunity costs.
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"Animals are going extinct at a much higher rate now than through most of the earth’s history." I doubt it. There were probably more extinctions when the dinosaurs became extinct.
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  • Member Since 2012/08/04


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