Mike is deciding on whether to take Uber or subway to attend a concert in Lincoln...
Mike is deciding on whether to take Uber or subway to attend a concert in Lincoln Center. He has already bought monthly subway ticket. The monthly subway ticket in this decision (of taking Uber or subway) is a
Group of answer choices
relevant cost.
None of the above
variable cost
sunk cost
Choose one of the choices. thanks
Homework Answers
Any Cost or expenditure which is incurred in past but not incurred in future then it is called sunk cost
So in this question subway ticket is already purchased in past. so this ticket cost is not relevant cost or variable cost. it is sunk cost
So answer is d) Sunk cost
Add Answer to:
Mike is deciding on whether to take Uber or subway to attend a
concert in Lincoln...
Mike is deciding on whether to take Uber or subway to attend a concert in Lincoln...
Mike is deciding on whether to take Uber or subway to attend a concert in Lincoln Center. He has already bought monthly subway ticket. The monthly subway ticket in this decision (of taking Uber or subway) is a sunk cos,t relevant cost ,none of the above , relevant cost
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