Suppose you have purchased a non-refundable plane ticket and, at ...

[jc611]

Suppose you have purchased a non-refundable plane ticket and, at the last moment, you cannot take the trip. You can, however, sell the ticket. If you paid 700 for the ticket, the cost of sending the ticket to someone through overnight mail is 20, and you spend 10 on a courier to get the ticket to the post office for overnight delivery, what is the minimum you should accept for the ticket?
 a. 700 because that is what the ticket cost.
  b. 720 because that is the cost of the ticket and of getting it to the buyer.
  c. 730 because that is the total cost of the ticket and getting it to the buyer.
  d. More than 730, so that you can make a profit.
  e. 30 because the 700 is a sunk cost.

Question 2

A university should not disband its football team if it has already paid for the stadium.
 a. True
  b. False

[firehawk60]

Answer to Question 1

E

Answer to Question 2

B

[jc611]

Correct answers!

[firehawk60]

Great! Please up vote