If you paid $100 for a truckload of cabbage on Monday, how much should you be willing to sell it for on Friday, the day before it spoils?
A) $100
B) $100 plus normal accounting profit
C) $50 because it has lost value since Monday
D) whatever you can get for it

Question

Quizplus · Accepted Answer

You should sell it for whatever you can get for it on Friday, as it will spoil the next day and become worthless.

If You Paid $100 for a Truckload of Cabbage on Monday