Answer:
The correct answer is: Ignores the purchase price is now a sunk cost.
Explanation:
A sunk cost can be understood as money that has already been spent and therefore it is impossible to recover it. In other words, sunk costs are unrecoverable costs.
<u>It is a concept widely used in the economy, microeconomics, and business.</u>
<u>It is also known as retrospective cost. </u>
In conclusion, a sunk cost is a sum of money that was paid in the past and doesn't have any relevance in the present moment or the future.
In this particular case, Grace's behavior indicates that she is ignoring the fact that the purchase price of the pair of shoes is now a sunk cost.
Answer:
U.S. citizens must comply with certain mandatory obligations, including: Obeying the law.
Answer:
Varanasi is an ancient city on the banks of the River Ganges in Uttar Pradesh, Northern India. It is one of the most sacred sites in India because it is believed to have been the home of Lord Shiva . Some Hindus believe that the River Ganges pays its respects to Lord Shiva by the direction in which it flows.
Explanation:
He claimed he should be free because he became free when he lived in a free state