Suppose you pre-ordered a non-refundable movie ticket to x-men: apocalypse. on the day of the movie you decide that you would rather not go to the movie. according to economists, what is the rational thing to do?
a. since the cost of the movie ticket is a sunk cost, it should not influence your decision. your decision should be based solely on whether you want to see the movie or not.
b. your should go to the movie to minimize your losses.
c. you should not waste resources. since you have paid for the ticket you should watch the movie.
d. you should go to the movie to maximize your utility.

You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Your own record of all your transactions. a. check register b. account statement