Multiple Choice
Suppose Marlene has purchased a non-refundable $700 plane ticket.But, at the last moment, she cannot take the trip.She can, however, sell the ticket.The cost of sending the ticket to a buyer through overnight mail is $20, and it costs $10 for a courier to get the ticket to the post office for overnight delivery.What is the minimum amount of money Marlene should accept for the ticket?
A) $730, because that is the total cost of the ticket and getting it to the buyer
B) $720, because that is the total cost of the ticket and of getting it to the buyer
C) $700, because that is what the ticket cost
D) $30, because the ticket cost is a sunk cost
Correct Answer:

Verified
Correct Answer:
Verified
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