Get expert advice and community support for your questions on IDNLearn.com. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.

Ted got a ticket to this year's Super Bowl and paid the face value of $1,000. His cousin offered him $3,000 for the ticket. Given this information, Ted's opportunity cost of this ticket is
O $1.000.
O $2,000
O $3,000.
O $4,000.