In Chapter $9$ of your textbook, read the side$-$bar section titled "Consider This..."

regarding sunk costs. Based upon your reading of this section and other concepts

covered in the course up until now, answer the following questions. Concepts that

could be used to answer the questions include opportunity costs, marginal costs,

marginal decisions, lowest average total costs, explicit costs, implicit costs, etc.

What is an example of either a personal or professional sunk cost that you

have experienced, other than the examples in your textbook, in which you

had to make a tough decision?

What factors did you have to consider when making the decision regarding

the sunk cost?

What was your final decision?

Would you make the same decision again, now that you have studied about

sunk costs? Why or why not? Using the concepts from the textbook, please

be specific.