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

Author Question: Refer to Table 2-13. What is Tammi's opportunity cost of bathing a cat? A) two groomed dogs B) ... (Read 100 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Refer to Table 2-13. What is Tammi's opportunity cost of bathing a cat?
 
  A) two groomed dogs B) one and a half groomed dogs
  C) two-thirds of a groomed dog D) half a groomed dog

Question 2

Why is a sunk cost irrelevant to a firm's current decisions?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuate

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Sunk cost is irrelevant because it cannot be changed by any decision. It is already incurred and so must be paid. The only costs that concern the firm are costs that the firm can change with its current decisions.


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you


tuate

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

The Periodic Table (Part 2) The Periodic Table (Part 2)
Drugs and their effect table Drugs and their effect table
Ronald Reagan rides a horse—a familiar photo opportunity for presidents. But Reagan was an amiable ... Ronald Reagan rides a horse—a familiar photo opportunity for presidents. But Reagan was an amiable ...
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library