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Author Question: Laura purchased a brand new Pontiac for 20,000. The moment she assumed ownership, and drove it off ... (Read 110 times)

viki

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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.


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ririgirl15

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


viki

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Reply #2 on: Jun 29, 2018
Thank you


ririgirl15

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Reply #3 on: Jun 29, 2018
No problemo


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