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Sublight2097 Sublight2097
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9 years ago
Laura purchased a brand new Pontiac for $20,000. The moment she assumed ownership, and drove it off the lot, its market value immediately fell to $17,500. Is the $2,500 difference in value a sunk cost?
A) No.
B) Yes it is, but only if Laura regrets her decision to have purchased the new Pontiac.
C) Yes it is, but only if Laura receives no compensating benefit from the new Pontiac.
D) Yes it is, but only if Laura decided to immediately resell the car.
E) Yes it is, period.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Another one in the books, marking it solved.
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#3
9 years ago
Happy to help, let me know if you have any more requests.
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#4
3 years ago
thank you
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