Sunk costs and decision making Rajiv has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Simone, whom Rajiv has wanted to date for a long time, asks him to a concert. Rajiv would prefer to go to the concert with Simone and forgo the play, but he doesn't want to waste the $50 he spent on the play ticket. From the perspective of an economist, if Rajiv decides to go to the concert with Simone, what has he just done

b.Correctly ignored a sunk cost

Explanation:

Sunk costs are those that are already incurred and should not have any influence on the decision to be made.

The cost of the ticket to the play has already been incurred and could not be sold, exchanged or transferred so was a sunk cost. By going to the concert with Simone, Ravi decided to ignore a sunk cost and he was correct to do so.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answerattainable;