Question: Short Questions Select the correct answer(s). There may be more than one. Provide a brief justication for your answer. 1). You have two choices for


Short Questions Select the correct answer(s). There may be more than one. Provide a brief justication for your answer. 1). You have two choices for how you are going to spend Saturday evening. You can go to the pub with your friends, which wl cost you 30 for the evening. The pleasure you anticipate from this experience is worth 50 to you. Or you can go to the theatre. The ticket wl cost you 50, but you value the experience at 60. Based on this information, which of the following statements is correct? a). The opportunity cost of an evening at the pub is 60. b). The economic cost of going to the pub is 40. c). The economic rent of going to the pub is 0. (1). Based on economic rent alone, you would definitely choose to go to the theatre
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