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 109 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?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Microscopic photo taken by Opportunity showing a gray hematite concretion, indicative of the past pr Microscopic photo taken by Opportunity showing a gray hematite concretion, indicative of the past pr
Halos, Sun Dogs, and Sun Pillars Halos, Sun Dogs, and Sun Pillars
Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ... Standing at the side of the table facing the head, mobilize the scapula by pressing along medial ...
Layers of sheets and towels on the table for a body wrap. Layers of sheets and towels on the table for a body wrap.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Table Tennis Racket Table Tennis Racket
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library