Weston steel purchased a new coal furnace six years ago at a cost of $2.2 million. last year, the government changed the emission requirements and this furnace cannot meet those standards. thus, the company can no longer use the furnace, nor has it been able to locate anyone willing to purchase the furnace. given the current situation, the furnace is best described as which type of cost? a. erosionb. bookc. sunkd. markete. opportunity

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Which of the following is a benefit of a hat? it has a sports team logo on it. it makes the wearer look cool. it is red. it costs $12.