Suppose Darlene Purchased a Computer 2 Weeks Ago for $2,000

question 115

Multiple Choice

Suppose Darlene purchased a computer 2 weeks ago for $2,000.Today she can purchase a new computer that is twice as fast for $1,400.She also discovers that her current computer sells used for $300.The sunk cost of her current computer is

• A) $0.
• B) $300.
• C) $1,100.
• D) $1,700.
• E) $2,000.

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Definitions:

Soybeans

A type of legume native to East Asia, widely grown for its edible bean, which has numerous uses including oil, animal feed, and as a food item.

P × q

The formula representing total revenue, where P is the price per unit and q is the quantity of units sold.

Homogeneous

Characteristics of products or services that are identical in quality and features, making them indistinguishable from one another in the eyes of consumers.

Fast-Food Industry

The fast-food industry comprises businesses that serve quick service food items over the counter or via drive-thrus, often emphasizing speed, convenience, and affordability.