Maxine and Deborah both got hair extensions, costing each of them 300. Maxine's hair was done perfectly. She enjoyed the new look. The job on Deborah's hair was all botched u
A) Deborah did not incur a sunk cost.
B) Maxine did not incur a sunk cost.
C) Both Maxine and Deborah each incurred a 300 sunk cost.
D) Only the hairdresser incurred a sunk cost.
Question 2
Harry and Gus fish the same lake together from the same boat.
Each morning Harry typically catches either 20 bluegills or 5 walleyes (depending on how deep he fishes) while Gus typically catches either 20 bluegills or 2 walleyes (depending on how deep he fishes). Other things constant, if they wish to maximize the total number of fish they catch together tomorrow morning, regardless of species, A) Harry should fish and Gus should row.
B) Harry should fish only for bluegills and Gus should fish only for walleyes.
C) Gus should fish only for bluegills and Harry should fish only for walleyes.
D) both Harry and Gus should fish for bluegills.