Friday, May 20, 2022
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
BVC News
  • Home
  • News
    • USA
    • Canada
    • Europe
    • Middle East
    • Asia Pacific
    • Africa
  • Politics
  • Health
  • Business
  • Finance
  • Sports
  • Tech
  • Entertainment
  • Lifestyle
  • Gossips
  • Travel
No Result
View All Result
  • Home
  • News
    • USA
    • Canada
    • Europe
    • Middle East
    • Asia Pacific
    • Africa
  • Politics
  • Health
  • Business
  • Finance
  • Sports
  • Tech
  • Entertainment
  • Lifestyle
  • Gossips
  • Travel
No Result
View All Result
BVC News
No Result
View All Result
Home Finance

Sunk Value and Marginal Value: Our Microwave

by BVCadmin
June 18, 2021
in Finance
0
Share on FacebookShare on TwitterShare on Email


A couple of weeks in the past our microwave went on the blink. It nonetheless labored however after we opened the microwave’s door, a fan instantly began up. The GE repairman confirmed up right this moment.

After analyzing it rapidly, he was fairly positive he may repair it. However, he warned us, it was about 8 or 9 years previous and the everyday life expectancy of that mannequin was between 6 and eight years. He appeared to be hinting that we must always purchase a brand new one. I requested him how a lot a brand new one could be. He replied that it could be about $300. That didn’t sound dangerous.

“Can we purchase from you and does that embody the set up?”

“No,” he answered. “You’d go to a spot like Residence Depot however we don’t set up.”

“How a lot wouldn’t it value to repair this one?” I requested.

“A little bit over $200,” he answered.

“However the service cost of about $130 goes in the direction of that $200, proper?” I requested.

“Sure,” he answered.

So the $200 was deceptive. The $130 service cost was a sunk value. A little bit fast arithmetic advised me that the marginal value of getting the microwave fastened could be solely a bit over $70. And we’d have a working microwave instantly.

So we had him repair it.

Sunk value versus marginal value.



Source link

Tags: costMarginalMicrowaveSunk
Previous Post

Robert Saleh ready for ‘daring’ activity with Jets cornerbacks

Next Post

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear

Related Posts

Finance

The Change That Has The whole lot

May 19, 2022
Finance

Ron Paul Exposes The Reality About Inflation Reporting – Funding Watch

May 19, 2022
Finance

Utilizing a “Depressing” Job to Gas a Quick-Rising Flipping Portfolio

May 19, 2022
Finance

Schooling for a Life Properly-Lived

May 19, 2022
Finance

US child components disaster holds classes for reshoring risks

May 18, 2022
Finance

Commerce information utilizing the inbuilt calendar in MT5 Terminal – Buying and selling Concepts – 18 Might 2022

May 18, 2022
Load More
Next Post

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear

Go Determine: Reid Makes False Declare About Manchin, Continues to Bully Him on Voting

LATEST UPDATES

Boeing making third try at reaching the Worldwide Area Station with Starliner launch

US PGA Championship 2022: McIlroy units tempo in opening spherical – stay! | US PGA

Individuals with disabilities ‘have pension financial savings price third of common pot’

Former South Dakota Public Broadcast host fights again towards transphobic dismissal

Rising variety of sick and dying California brown pelicans worries animal consultants

First look trailers for The Winchesters and Walker: Independence launched.

Ashley Benson Humorous Interview Fairly Little Liars | Video

How Western College is making an attempt to handle sexual violence, change tradition on campus

CDC advisers urge Pfizer booster for youngsters ages 5 to 11 : NPR

Bipartisan Invoice Would Compel Google to Break Up Its Advert Enterprise

Load More
BVC News

Get the latest news and follow the coverage of breaking news, local news, national, politics, and more from the top trusted sources.

Browse by Category

  • Africa
  • Asia Pacific
  • Business
  • Canada
  • Entertainment
  • Europe
  • Finance
  • Gossips
  • Health
  • Lifestyle
  • Middle East
  • Politics
  • Sports
  • Technology
  • Travel
  • Uncategorized
  • USA

Recent Posts

  • Boeing making third try at reaching the Worldwide Area Station with Starliner launch
  • US PGA Championship 2022: McIlroy units tempo in opening spherical – stay! | US PGA
  • Individuals with disabilities ‘have pension financial savings price third of common pot’
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2022 BVC News.
BVC News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • News
    • USA
    • Canada
    • Europe
    • Middle East
    • Asia Pacific
    • Africa
  • Politics
  • Health
  • Business
  • Finance
  • Sports
  • Tech
  • Entertainment
  • Lifestyle
  • Gossips
  • Travel

Copyright © 2022 BVC News.
BVC News is not responsible for the content of external sites.