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Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement
Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement from the following: A. The $8 offer is not relevant if Ethan refuses to sell the ThirstAid. B. If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision. C. The $3 original purchase price is irrelevant to his decision to sell the ThirstAid. D. All of these. Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement from the following: A. The $8 offer is not relevant if Ethan refuses to sell the ThirstAid. B. If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision. C. The $3 original purchase price is irrelevant to his decision to sell the ThirstAid. D. All of these
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