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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Maxine and Deborah both got hair extensions, costing each of them $300. Maxine's hair was done perfectly. She enjoyed the new look. The job on Deborah's hair was all botched up. The hairdresser apologized for her mistake, took the extensions out, and refunded all of Deborah's money. Which of the following, in dollar terms, is true?
A) Deborah did not incur a sunk cost.
B) Maxine did not incur a sunk cost.
C) Both Maxine and Deborah each incurred a $300 sunk cost.
D) Only the hairdresser incurred a sunk cost.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Thanks for the feedback Slight Smile
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