Questions have the following choices.
a. Using MB vs MC
b. Confusing Total Benefit vs Total Cost with MB vs MC
c. Taking account of opportunity costs
d. Violation of the principle of sunk costs.
e. None of the above

1. You buy a fancy coffee at starbucks for $3 and do not like it, but you drink it anyway because you spent so much money on it._____

2. Todd is upset with Cindy because she has talked on the phone to her girlfriend when he is with her; he says that: "she likes her friends more than she likes him." _______

3. Joe brags that he has never lost money in the stock market. The secret, he says, is that he never sells a stock if it has gone down._____

4. An NFL football team has a rookie quarterback whom they pay $5 million per year; in practice he has not done quite as well as an older more experienced quarterback who earns $1 million/ yr. The owner of the team tells the coach that he has to play the rookie, because they are paying him so much money.____


Thanks for the help!!