218. CSO: 2C2a LOS: 2C2c Johnson waits two hours in line to buy a ticket to an NCAA Final Four Tournament. The opportunity cost of buying the $200 ticket is a. Johnson’s best alternative use of the $200. b. Johnson’s best alternative use of the two hours it took to wait in line. c. the value of the $200 to the ticket agent. d. Johnson’s best alternative use of both the $200 and the two hours spent in line.

2C2C JOHNSON WAITS TWO HOURS IN LINE TO BUY A TICKET TO AN NCAA FINAL...

CMA EXAM SUPPORT PACKAGE 2

218.

CSO: 2C2a

LOS: 2C2c

Johnson waits two hours in line to buy a ticket to an NCAA Final Four Tournament. The

opportunity cost of buying the $200 ticket is

Johnson’s best alternative use of the $200.

Johnson’s best alternative use of the two hours it took to wait in line.

the value of the $200 to the ticket agent.

Johnson’s best alternative use of both the $200 and the two hours spent in line.