You go out to the best restaurant in town and order a lobster dinner for. After eating half of the lobster, you realize that you are quite full. Your date wants you to finish your dinner because you can't take it home and because "you've already paid for it." What should you do? Relate your answer to the material in this chapter.

Question

Social Studies

Zain Houston

16 September, 08:37

You go out to the best restaurant in town and order a lobster dinner for. After eating half of the lobster, you realize that you are quite full. Your date wants you to finish your dinner because you can't take it home and because "you've already paid for it." What should you do? Relate your answer to the material in this chapter.

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Answers (1)

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Sloan · Answer 1

One should consume as much as he or she can.

Explanation:

The given case relates to the concept of sunk cost. Sunk cost refers to those expenditure which have already been incurred and could not be recovered no matter the venture stays or not. Advertisement cost done by companies before launching a new product in the market is the prime example of sunk cost. '

In the given case, the food has been ordered therefore the expenditure has been done and no recovery is possible. Therefore, one should consume as much as they can.