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The EconAnalyst Corporation is a think tank located

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Question

Question;1. The EconAnalyst Corporation is a think tank located on 15 prime acres of seafront property in Miami, Florida. EconAnalyst purchased the land for its offices from the state in 2010 for $250,000. ?Given that the money EconAnalyst paid for its land in 2010 can be treated as a sunk cost, the cost of the land to EconAnalyst is zero and EconAnalyst would thus be foolish to consider purchasing a new site in Florida and relocating there.? Is this statement true, false, or uncertain? Please explain in full.

 

Paper#57831 | Written in 18-Jul-2015

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