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

Author Question: You go to see a movie that you believe would turn out to be amazing. The ticket costs you 20 . Once ... (Read 44 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jul 1, 2018
You go to see a movie that you believe would turn out to be amazing. The ticket costs you 20 . Once in the theatre you realize that the movie is awful. If you leave now, you can still catch your favorite TV show. What should you do?
 a. Stay and watch the movie since you paid 20 for it
 b. The ticket price is now a sunk cost, you can ignore it and go home
 c. Stay and watch the movie since the opportunity cost of the movie is zero
  d. None of the above

Question 2

Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store it must
 a. Decrease the prices on the goods sold in the store
 b. Decrease the parking rates
 c. All of the above
 d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jul 1, 2018
:D TYSM

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Amazing discoveries in biology Amazing discoveries in biology
Amazing NASA Pictures Collection Amazing NASA Pictures Collection
Amazing NASA Pictures Collection Amazing NASA Pictures Collection
If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ... If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ...
Ford uses an inertia switch to turn off the electric fuel pump in case of an accident. Ford uses an inertia switch to turn off the electric fuel pump in case of an accident.
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library