Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement from the following:
A) The $8 offer is not relevant if Ethan refuses to sell the ThirstAid.
B) If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision.
C) The $3 original purchase price is irrelevant to his decision to sell the ThirstAid.
D) All of these.
Correct Answer:
Verified
Q22: Select the correct statement regarding opportunity costs.
A)
Q23: Select the incorrect statement concerning opportunity costs.
A)
Q24: Clean, Inc. cleans and waxes floors
Q24: Lindsay purchased a raffle ticket for $5.Just
Q26: All of the following are variables that
Q29: Which of the following items is qualitative?
A)
Q29: Benitez Company currently outsources a relay
Q30: Select the correct statement regarding quantitative and
Q30: The costs and revenues associated with
Q36: The benefits sacrificed when one alternative is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents