Question
In early July, Damon Rutton purchased a $100 ticket to the December 14 game of the Sarasota Shippers. Parking for the game was expected to
In early July, Damon Rutton purchased a $100 ticket to the December 14 game of the Sarasota Shippers. Parking for the game was expected to cost approximately $24, and Rutton would probably spend another $14 for a souvenir program and food. It is now December 13. The Shippers were having a miserable season and the temperature was expected to peak at 5 degrees on game day. Damon is thinking about skipping the game and taking his wife to the movies and dinner, at a cost of $60. The amount of sunk cost that should influence Damons decision to spend some time with his wife is:
Multiple Choice
A. $0.
B. $40.
C. $60.
D. $100.
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