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. If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision.
B. The $3 original purchase price is irrelevant to his decision to sell the ThirstAid.
C. The $8 offer is not relevant if Ethan refuses to sell the ThirstAid.
D. All of the above.
Answer: B
You might also like to view...
In cultures where context sensitivity is high, businesspeople
A) attach importance to the trappings of ceremony. B) prefer predictable and certain consequences. C) assume a long-term context in discussions. D) stress the surrounding circumstances in communication. E) perceive cultural differences in the context of time.
All of the following might be used to evaluate cash flow performance, except:
A. the relationship between net income and cash flow. B. the absolute amount of cash flow. C. whether cash flow is positive or negative. D. the trend in sales and operating expenses.
It would be safe to make the statement that modern telecommunications now take business activities to labor rather than moving labor to the places of business
Indicate whether the statement is true or false.
Summary of transfers and recording: Day 1 0 ? A Day 2 0 ? B (bfp) Day 3 B records Day 4 A records ?In a race state, who would take title to the property?
A)?A B)?B