You have been asked to work an extra day and will receive $150.However, you already bought a discounted ticket to a theme park for $37 and ﬁgure that you will spend an additional $50 at the park. What is the sunk cost if you decide to work?
A)$150.
B)$107.
C)$87.
D)$37.
E)None of the answers is correct.

Question

Quizplus · Accepted Answer

The sunk cost is the $37 spent on the non-refundable ticket, as it cannot be recovered regardless of the decision to work or go to the park.

You Have Been Asked to Work an Extra Day and Will