Casey wins a ticket from a local television station to see a Southern Gospel group perform at an outdoor venue. Eddie has paid $20 for a ticket to the same concert. On the evening of the concert there is a bad thunderstorm. If Casey and Eddie have the same tastes, which of them will be more likely to attend the concert, assuming that each decided whether to attend the concert based on economic marginal analysis? Carefully explain your answer using marginal analysis. 

Answer rating: 100% (QA)

Based on marginal analysis Eddie will be more likely to attend the concert than Casey For Eddie he h... View the full answer