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Suppose Kim, a rational decision maker, is considering going to see Zoe Boekbinder in concert. Suppose further that the price of a ticket is $
Suppose Kim, a rational decision maker, is considering going to see Zoe Boekbinder in concert. Suppose further that the price of a ticket is $ and tickets are nonrefundablenonexchangeable. To attend the show, Kim would have to give up the chance to work two hours of overtime, for which she would have been paid a total of $ie $ per hour If Kim had purchased a ticket before making the choice between working or going to the concert, what was the sunk cost in making her choice?
Select one:
A $
B $
C $
D $
E $
ear my choice
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