Ethan Paid $3 for a Bottle of ThirstAid

question 8

Multiple Choice

Ethan paid $3 for a bottle of ThirstAid.Later while on a hiking trip,she was offered $8 for the ThirstAid.Select the correct statement from the following:

• A) The $8 offer is not relevant if Ethan refuses to sell the ThirstAid.
• B) If Ethan drinks the ThirstAid,no opportunity cost is associated with his decision.
• C) The $3 original purchase price is irrelevant to his decision to sell the ThirstAid.
• D) All of the above.