10. Sunk costs and decision making Carlos has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Deborah, vwhom Carlos has wanted to date for a long time, asks him to a party. Carlos vwould prefer to go to the party with Deborah and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket. From the perspective of an economist, if Carlos decides to go to the party with Deborah, what has he just done? Made a choice that was not optimal Incorrectly allowed a sunk cost to influence his decision O Correctly ignored a sunk cost
10. Sunk costs and decision making Carlos has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Deborah, vwhom Carlos has wanted to date for a long time, asks him to a party. Carlos vwould prefer to go to the party with Deborah and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket. From the perspective of an economist, if Carlos decides to go to the party with Deborah, what has he just done? Made a choice that was not optimal Incorrectly allowed a sunk cost to influence his decision O Correctly ignored a sunk cost
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 25P: Becky and Sarah are sisters 1who share a room. Their room can easily get messy, and their parents am...
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