Suppose You Have Purchased a Non-Refundable Plane Ticket And, at the Last

question 114

Multiple Choice

Suppose you have purchased a non-refundable plane ticket and, at the last moment, you cannot take the trip.You can, however, sell the ticket.If you paid $700 for the ticket, the cost of sending the ticket to someone through overnight mail is $20, and you spend $10 on a courier to get the ticket to the post office for overnight delivery, what is the minimum you should accept for the ticket?

• A)$700 because that is what the ticket cost.
• B)$720 because that is the cost of the ticket and of getting it to the buyer.
• C)$730 because that is the total cost of the ticket and getting it to the buyer.
• D)More than $730, so that you can make a profit.
• E)$30 because the $700 is a sunk cost.

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Definitions:

Higher Viscosity

Refers to fluids that have a greater resistance to flow, often relating to the thick, slow-moving nature of certain types of lava.

Silicate Chains

Linear arrangements of silicate minerals linked by oxygen atoms, common in the structure of many igneous rocks.

Higher Temperature

An increase in the degree of heat present in a substance or object, often compared to a standard or previous measure.

Early Crystallization

Early crystallization refers to the initial phase of crystal formation from a cooling magma or solution, influencing the texture and composition of igneous rocks.