Suppose You Have Purchased a Nonrefundable Plane Ticket

question 209

Multiple Choice

Suppose you have purchased a nonrefundable plane ticket. At the last moment, you cannot take the trip but can still sell the ticket. The cost of sending the ticket to someone through overnight mail is $20, and you have to spend $10 on a courier to get the ticket to the post office for overnight delivery. If you paid $700 for the ticket, which of the following is the minimum amount you should accept for the ticket?

• A) $700, because that is what the ticket costs
• B) $720, because that is the sum of the cost of the ticket and the cost of sending it to the buyer
• C) $730, because that is the sum of the cost of the ticket and the cost of sending it to the buyer
• D) More than $730, so that you can make a profit
• E) $30, because the $700 is a sunk cost

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Definitions:

Bronchitis

An inflammation of the bronchial tubes, which carry air to and from the lungs, often resulting from infection or exposure to irritants.

Atelectasis

Collapse of alveoli, preventing the normal respiratory exchange of oxygen and carbon dioxide.

Breathing Exercises

Techniques focused on deep, rhythmic, and conscious inhalation and exhalation, used to reduce stress, improve lung function, and enhance overall well-being.

Chronic Conditions

Long-lasting diseases or health conditions that typically progress slowly, requiring ongoing medical attention and management.