Question: the question will be on file please 10. Sunk costs and decision making Yakov has plans to go to a play and already has a

the question will be on file please

the question will be on file please 10. Sunk costs and decision

10. Sunk costs and decision making Yakov has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Ana, whom Yakov has wanted to date for a long time, asks him to a party. Yakov would prefer to go to the party with Ana 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 Yakov decides to go to the party with Ana, what has hejust done? 0 Correctly ignored a sunk cost 0 Made a choice that was not optimal O Incorrectly allowed a sunk cost to inuence his decision

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