Paul Earns $60,000 as an Engineer,and He Is Considering Quitting

question 60

Multiple Choice

Paul earns $60,000 as an engineer,and he is considering quitting his job and going to graduate school.This $60,000 should be treated as a ____ if Paul runs an NPV analysis of his graduate degree.

• A) sunk cost
• B) opportunity cost
• C) fixed cost
• D) cannibalization cost

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Definitions:

Perforation Plate

A structure found within the vessel elements of plants, characterized by a membrane or wall with holes that allow for the movement of water and solutes.

Vessel Elements

Component cells of the xylem tissue in plants that help in conducting water and minerals vertically through the plant.

Tracheids

Long, thin cells in the xylem of vascular plants that help in the transport of water and minerals, and also provide support.

Pits

Small depressions or cavities on a surface or in a structure, often found in fruits or in the landscape.