Answer:
Correctly ignored a sunk cost.
Explanation:
In economics a sunk cost is one that an individual has already paid for and cannot recover. For example when payment is made for rent it is no longer recoverable.
In this instance Eric has already bought a $50 ticket that is nonrefundable, nonexchangeable, and nontransferable. This is a sunk cost.
Eric wants to go to the concert with Ginny who he wanted to date for a long time.
He will correctly ignore the sunk cost of going to the play because any more time spent on the play will not help recover the $50 already spent.
Answer:
the quantity of coal becomes more elastic
hope this helps you ☺️☺️
Answer:
he price of a 6-month call option on C.A.L.L. stock is 15.27
Explanation:
The price of a 6-month call option on C.A.L.L. stock at an exercise price of $125 is computed as;
Where as,
C = Value of call,
X = strike price,
P = value of put ,
S = Stock price
Thus,
C + 120 = 135.27
C = 15.27
Answer:
Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
Free trade policy does not restrict imports or exports and is applied to international trading of items. New Zealand will likely try and export a lot of lemons due to the free trade market policy. The price of the items is expensive but because they are able to export many, they will do well with exporting them.
