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Your Brother Is Trying to Sell His Bicycle for $200

Question 40

Multiple Choice

Your brother is trying to sell his bicycle for $200.He refuses to lose more than $50 on the sale because it originally cost him $229 when he purchased it two years ago.Which of the following would be his sunk cost?


A) $50.
B) $200.
C) $229.
D) $179.
E) None of the answers is correct.

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