Jason Spends All Afternoon Baking a Cake

question 40

Multiple Choice

Jason spends all afternoon baking a cake.When it comes out of the oven,it's burnt and sunk in the middle,and Jason considers whether he should throw it away or not.If Jason were rational,he would compare the ______________,which is ______________,to the benefits of eating a burnt,sunken cake.

• A)sunk cost;the time and ingredients spent making the cake
• B)opportunity cost;the value of the time spent and utility from eating or doing something else
• C)total cost;the value of the time spent making the cake,the cost of ingredients and value of the time that could be spent doing something other than eating the cake
• D)benefit of throwing the cake away;the value of not having to eat burnt cake

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Definitions:

Filed

The process of submitting or organizing documents and records in a proper system for storage, retrieval, and management.

Divorce

The legal dissolution of a marriage by a court or other competent body, ending the marital relationship and the associated legal duties and responsibilities.

Gay

A term describing individuals who are attracted to people of the same sex.

Belittling

The act of making someone or something seem unimportant or inferior through derogatory remarks or demeaning behavior.