Ethan Paid $3 for a Bottle of ThirstAid

question 65

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 these.

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Definitions:

Outline Group

A feature in software that allows users to manage and organize data or text into collapsible sections.

Status Bar

A graphical control element found at the bottom of applications or documents, displaying information relevant to the current state or context, such as zoom level or cursor position.

Outline Data

The structure and hierarchy of data that has been organized in an outline format, typically showing the relationships between different levels of information.

Group Button

A control element in user interfaces that allows for the collective manipulation of objects or elements, such as aligning or grouping multiple items in a document or presentation.