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

Author Question: You go to see a movie that you believe would turn out to be amazing. The ticket costs you 20 . Once ... (Read 94 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jul 1, 2018
You go to see a movie that you believe would turn out to be amazing. The ticket costs you 20 . Once in the theatre you realize that the movie is awful. If you leave now, you can still catch your favorite TV show. What should you do?
 a. Stay and watch the movie since you paid 20 for it
 b. The ticket price is now a sunk cost, you can ignore it and go home
 c. Stay and watch the movie since the opportunity cost of the movie is zero
  d. None of the above

Question 2

Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store it must
 a. Decrease the prices on the goods sold in the store
 b. Decrease the parking rates
 c. All of the above
 d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Mr. Wonderful

  • Member
  • Posts: 866
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Amazing NASA Pictures Collection Amazing NASA Pictures Collection
In 2007, primatologists studying chimpanzees in Senegal reported something amazing; chimpanzees were In 2007, primatologists studying chimpanzees in Senegal reported something amazing; chimpanzees were
Sabah El-Kheir (Movie) Sabah El-Kheir (Movie)
What some consider food, even delicacies, can turn the stomachs of others. These roasted grub worms ... What some consider food, even delicacies, can turn the stomachs of others. These roasted grub worms ...
Turn the outlet valve of the canister to the OFF or CLOSED position. Turn the outlet valve of the canister to the OFF or CLOSED position.
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library