Multiple Choice
In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was expected to cost approximately $22, and Rutton would probably spend another $15 for a souvenir program and food. It is now December 14. 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 $50. The amount of sunk cost that should influence Damon's decision to spend some time with his wife is:
A) $0.
B) $20.
C) $50.
D) $70.
E) None of the answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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