You and a Friend Decide to Go See a Movie

question 107

Multiple Choice

You and a friend decide to go see a movie at the theater, spending $15 each on the tickets. Halfway through the movie you're struggling to stay awake and your friend is scrolling through Facebook. You suggest leaving the movie to do something else, since you're both obviously bored. However, your friend declines, stating he doesn't want to waste the $15 he spent on the ticket. Your friend is considering the ______ of the movie.

• A) opportunity cost
• B) sunk cost
• C) marginal benefit
• D) total cost

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Definitions:

70 Hours

Without context, it's unclear; could refer to a specific workweek duration in certain industries or regulations limiting working hours.

Business Idea

A concept that can be used for financial gain, typically centered around a product or service that can be offered to the market.

Vision

A forward-looking statement or idea about what an organization or individual aspires to achieve in the future, acting as a guide for decision-making and strategic planning.