Respond to the following in a minimum of 175 words:
- Exactly what costs are relevant to your decision of whether or not to attend the basketball game?
- You realize that the basketball game will be free to you, yet you are reluctant to not use the movie tickets you purchased. How would you explain whether you would consider this an example of flawed thinking?
- Share a personal or professional experience in which you had to make a similar decision. What was your thinking process in that situation? Looking back, would you change your decision now?
Respond to the following in a minimum of 175 words:
- Should the company buy the new piece of equipment? Why or why not?
- What factors should be considered when determining whether to buy the equipment? In your personal or professional experience, what factors do you typically consider when making decisions about large purchases, and why? Describe the role that potential technological innovation plays in your decision-making.
