Grace just got her first cell phone, an iPhone, for graduation. She tosses her iTouch in a drawer and never touches it again, even though she could easily sell it for $75 on Craigslist. Grace's choice is ________ because ________.
A. irrational; she weighs the $200 she paid for the iTouch and the $75 she could sell it for now
B. rational; she weighs the $200 she paid for the iTouch and the $75 she could sell it for now
C. irrational; she would not pay $75 to buy the iTouch today
D. rational; she would not pay $75 to buy the iTouch today
Answer: C
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Answer the following statement true (T) or false (F)