You have two choices for how you are going to spend Saturday evening. You can go to the pub with your friends, which will cost you £60 for the evening. The pleasure you anticipate from this experience is worth £70 to you. Or you can go to the theatre. The ticket will cost you £50, but you value the experience at £90. Based on this information, read the following statements and select the correct one(s).多项选择题

A

The opportunity cost of an evening at the pub is £40.

B

The economic cost of going to the pub is £60.

C

The economic rent of going to the pub is £70.

D

Based on economic rent alone, you would definitely choose to go to the theatre.

E

The opportunity cost of an evening at the theatre is £10.

F

The economic cost of going to the theatre is £60.

G

The economic rent of going to the theatre is £20.

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