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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Suppose a university refunds students 75% of their tuition if they drop out before the third week of class, 50% if they drop out between their third and fifth week, 25% if they drop out between their sixth and eighth week, and 0% after the eighth week. Flint paid $1,000 tuition, and is in his second week of class. What's his sunk cost?
A) $0
B) $250
C) $500
D) $750
E) $1,000
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 295 times
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DropxDropx
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#1
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Posts: 1991
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9 years ago
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Sublight2097 Author
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#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
9 years ago
Another success story!

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