Suppose Marlene Has Purchased a Non-Refundable $700 Plane Ticket

question 109

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

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Definitions:

Actual Download Speed

The real-time rate at which data is being transferred from the internet to a user’s computer, usually measured in megabits per second (Mbps).

Throughput

The amount of data moved successfully from one place to another in a given time period, often used to measure the performance of a computer network or system.

Connection Speed

Connection speed refers to the rate at which data is transferred between the internet connection and the user's device, typically measured in megabits per second (Mbps).

Broadband

A high-speed Internet connection that is always on and faster than the traditional dial-up access.