Sunk Cost Fallacies

1. https://youtu.be/x-hYzRncxTc Watch the video and answer: What was the Opportunity Cost of buying the Xbox2. https://youtu.be/vpnxd31y0Fohttps://youtu.be/EMcDOE13AN8Watch these two videos and answer: What were the two sunk cost fallacies described in this video? Were they truly fallacies? Explain your answer.3. https://youtu.be/_rk2hPrEnk8 Watch the video and answer: In the chicken sandwich video, explain how there were so many economies of scale with respect to salt.4. https://youtu.be/vv1mFAMz0PEWatch the video and answer:  Consider the Tesla Gigafactory video. Describe an example each of 1) an economy of SCALE and 2) an economy of scope.

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