Sadie Just Bought a New Karaoke Machine to Replace Her

question 57

Multiple Choice

Sadie just bought a new karaoke machine to replace her old one.Her old one works perfectly fine and would sell on Craigslist for $50.The fact that Sadie would not pay $50 for it,yet continues to let it sit in her closet unused is explained by:

• A)the implicit cost of ownership.
• B)the cost of admitting you karaoke.
• C)ignored sunk costs.
• D)irrationally considering sunk costs.

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