This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Laura purchased a brand new Pontiac for 20,000. The moment she assumed ownership, and drove it off ... (Read 102 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


viki

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 29, 2018
Thank you


ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Laura Knapp. Selfie. Laura Knapp. Selfie.
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
Noid lights are usually purchased as an assortment so that one is available for any type or size ... Noid lights are usually purchased as an assortment so that one is available for any type or size ...
A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library