Mikkel Purchases Two Hours of Skate Time at the Local

question 81

Multiple Choice

Mikkel purchases two hours of skate time at the local hockey rink. After skating for one hour, Mikkel is cold, tired, and hungry. If Mikkel decides to continue skating for the second hour, he is likely:

• A)ignoring the sunk cost of the purchased skate time.
• B)focusing on the sunk cost of the purchased skate time.
• C)weighing the opportunity costs of the second hour of skating against the benefits.
• D)None of these are correct.

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Definitions:

Primary Alcohol

An organic compound with a hydroxyl group (-OH) attached to a primary carbon atom.

Secondary Alcohol

An alcohol in which the hydroxyl (-OH) group is attached to a carbon atom that is connected to exactly two other carbon atoms.

Tertiary Alcohol

An alcohol in which the hydroxyl group (-OH) is attached to a carbon atom that is connected to three other carbon atoms.

Common Name

A non-systematic name for a chemical substance, typically based on its historical use or properties, rather than a standardized nomenclature.