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Author Question: Suppose you pre-ordered a non-refundable movie ticket to X-Men: Apocalypse. On the day of the movie ... (Read 147 times)

storky111

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on: Jun 29, 2018
Suppose you pre-ordered a non-refundable movie ticket to X-Men: Apocalypse. On the day of the movie you decide that you would rather not go to the movie. According to economists, what is the rational thing to do?
 
  A) You should go to the movie to maximize your utility.
  B) You should not waste resources. Since you have paid for the ticket you should watch the movie.
  C) Your should go to the movie to minimize your losses.
  D) Since the cost of the movie ticket is a sunk cost, it should not influence your decision. Your decision should be based solely on whether you want to see the movie or not.

Question 2

The minimum point on the average variable cost curve is called the loss-minimizing point.
 
  Indicate whether the statement is true or false
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scikid

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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storky111

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Reply #2 on: Jun 29, 2018
Correct answers!


scikid

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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