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

Author Question: Mrs. Wallace and Mrs. Jackson both signed up for 6 months (each incurred a 200 total payment ... (Read 48 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Mrs. Wallace and Mrs. Jackson both signed up for 6 months (each incurred a 200 total payment required in advance, and nonrefundable) at the local workout club. Wallace enjoyed all 6 months.
 
  Jackson dropped out after three months due to other unexpected commitments. Which of the following is true? A) Wallace's sunk cost was zero.
  B) Jackson's sunk cost was 100.
  C) Jackson's sunk cost was 200, and so was Wallace's.
  D) Wallace's sunk cost was 100.
  E) None of the above.

Question 2

Refer to the scenario above. What is the payoff to Firm B in equilibrium?
 
  A) 2.6 million
  B) 0
  C) 4 million
  D) 3 million


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
:D TYSM

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in
Fetal development from 1 month to 9 months Fetal development from 1 month to 9 months
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library