This topic contains a solution. Click here to go to the answer

Author Question: Laura purchased a brand new Pontiac for 20,000. The moment she assumed ownership, and drove it off ... (Read 103 times)

viki

  • Hero Member
  • *****
  • Posts: 525
Laura purchased a brand new Pontiac for 20,000. The moment she assumed ownership, and drove it off the lot, its market value immediately fell to 17,500. Is the 2,500 difference in value a sunk cost?
 
  A) No.
  B) Yes it is, but only if Laura regrets her decision to have purchased the new Pontiac.
  C) Yes it is, but only if Laura receives no compensating benefit from the new Pontiac.
  D) Yes it is, but only if Laura decided to immediately resell the car.
  E) Yes it is, period.

Question 2

Because of increasing marginal cost, most supply curves
 
  A) are horizontal.
  B) are vertical.
  C) have a negative slope.
  D) have a positive slope.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Answer to Question 1

E

Answer to Question 2

D





 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library