A Firm Built an Inventory of 16-Bit Chips for $50,000

question 45

Multiple Choice

A firm built an inventory of 16-bit chips for $50,000 last year.However,the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now.What is the sunk cost?

• A)$50,000
• B)$40,000
• C)$10,000
• D)$90,000

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Definitions:

Operant Conditioning

Learning in which changes in behavior are shaped by the consequences of that behavior, thereby giving rise to new and more complete behaviors.

Phonemes

The smallest unit of sound in a language that can distinguish one word from another.

Human Voice

The sound produced by a human being using vocal folds for talking, singing, laughing, crying, screaming, etc.

Infant Hearing

The ability of infants to perceive and process sounds, which begins before birth and is crucial for language development and social interactions.