Jonathan Mendez is deciding whether to study for his economics exam at a café or go to a concert with friends tonight. The cost of tuition for his economics course is _____ in his opportunity cost calculations for this decision and represents a _____ cost.
A) included; financial
B) included; nonfinancial
C) not included; financial
D) not included; sunk
Correct Answer:
Verified
Q40: The opportunity costs of attending college includes
Q41: The opportunity costs of attending college include
Q42: The opportunity costs of a decision may
Q43: Jonathan Mendez is deciding whether to study
Q44: Jonathan Mendez is deciding whether to study
Q46: It is a beautiful afternoon, and you
Q47: Sunk costs are costs that are incurred
A)regardless
Q48: Sunk costs should _ be considered as
Q49: Sunk costs are costs that
A)are potential costs
Q50: Jonathan Mendez is deciding whether to study
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