Ef.16. Question 10: Sunk Costs. (c) What is the most that you should pay to completedevelopment?OA)we will use the rule that as long as the marginal benefit is greater than orequal to the marginal cost, continue with the project/activity.B)even if that means we only make a penny or just break even, after all, themarginal costs will include any and all opportunity costs.C)we expect news sales of $3 millions, that's the sales team's best estimate, ofcourse nothing can be one hundred percent predictable, but we'll go with it.D)all of the above is true for this admittedly simplified problem, bottom line:we would spend up to $3 million to get $3 million in profit.

Sunk cost: Sunk costs are one type of accounting cost that does not involve opportunity costs. These…

Question 10: Sunk Costs. (c) What is the most that you should pay to complete development? OA) we will use the rule that as long as the marginal benefit is greater than or equal to the marginal cost, continue with the project/activity. even if that means we only make a penny or just break even, after all, the B) marginal costs will include any and all opportunity costs. O c) we expect news sales of $3 millions, that's the sales team's best estimate, of course nothing can be one hundred percent predictable, but we'll go with it. D) all of the above is true for this admittedly simplified problem, bottom line: we would spend up to $3 million to get $3 million in profit.

Question 10: Sunk Costs. (c) What is the most that you should pay to complete development? OA) we will use the rule that as long as the marginal benefit is greater than or equal to the marginal cost, continue with the project/activity. even if that means we only make a penny or just break even, after all, the B) marginal costs will include any and all opportunity costs. O c) we expect news sales of $3 millions, that's the sales team's best estimate, of course nothing can be one hundred percent predictable, but we'll go with it. D) all of the above is true for this admittedly simplified problem, bottom line: we would spend up to $3 million to get $3 million in profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Given the following data .Find the OLS estimators using the deviation method. Y 6 10 9 14 7 5 X1 1 3 2 -2 3 5 X2 3 -1 4 6 2 4
Although 23 states barred the self-service sale of gasoline in 1968, most removed the bans by the mid-1970s. By 1992, self-service outlets sold nearly 80% of all US gas, and only New Jersey and Oregon continued to ban self- service sales. Using predictive value for self-service sales for New Jersey and Oregon Johnson and Romeo (2000) estimate that the ban in those two states raised the price by approximately $.03-$.05 per gallon. Why did the ban effect the price? Illustrate using a figure and explain. Show the welfare effects in your figure. Use a table to show who gains or loses.
Hhe paypil prbeluces. Drive the first orler Condition of Maximization for lutemediate gad with respect to Pel) Peti -MCtti
a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met.
Compute the R² using the following information. What does this number mean? Wage = 4.43 +0.61Edu + e n = 1089, SST = 37211.6, SSE 37211.6, SSE 19848.2 R² = = = 0.4666. 46.66% of the variation in wage can be explained by education. R² = 0.5334. 53.34% of the variation in wage can be explained by education. R² = 0.61.61% of the variation in wage can be - explained by education. R² = 0.3043. 30.43% of the variation in wage can be explained by education.
pls help asap on both
There is a fire, and the smoke detector goes off. What type of error is this? There is no error It depends on the level of significance Type Il error O Type I error
Good X (250x soy (150X, 150Y) (100X, 100Y) 150X, 250Y) IC2 Income= $2000, Py=$10, P,=$10 reome=$2000, PE10, P,=$10 Good Y O Good X is normal O Good Y is normal O Good X is inferior O Good Y is inferior
2. Find the extremum of x2 + x3 subject to x₁ + 4x2 = 2.
10.61 The per-store daily customer count (i.e., the mean number of customers in a store in one day) for a nationwide convenience store chain that operates nearly 10,000 stores has been steady, at 900, for some time. To increase the customer count, the chain is considering cutting prices for coffee beverages. The question to be determined is how much to cut prices to increase the daily customer count without reducing the gross margin on coffee sales too much. You decide to carry out an experiment in a sample of 24 stores where customer counts have been running almost exactly at the national average of 900. In 6 of the stores, the price of a small coffee will now be $0.59, in 6 stores the price of a small coffee will now be $0.69, in 6 stores, the price of a small coffee will now be $0.79, and in 6 stores, the price of a small coffee will now be $0.89. After four weeks of selling the coffee at the new price, the daily customer count in the stores was recorded and stored in . At the 0.05…
How would you describe a correlation of -1? Group of answer choices There is a perfect linear relationship between x and y. There is a strong positive relationship between x and y. There is no relationship between x and y. There is a weak negative relationship between x and y. thanks
Find the coefficient of x2y3z3 in the expansion of(x + y + z)8.