Business, 18.11.2019 21:31 beckyroof5158

Suppose two cities are considering tearing down their stadiums to build new ones. in one city, the old stadium cost $5 million to build, while in the other city, the old stadium cost $50 million to build. if all else is equal, what can we say about how the costs of the old stadiums should affect the cities’ decisions? choose one:
a. they should be more willing to tear down the $5 million stadium, because it cost less to build.
b. they should be more willing to tear down the $50 million stadium, because it cost more to build.
c. the cost to build the old stadium shouldn’t be considered.

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Suppose two cities are considering tearing down their stadiums to build new ones. in one city, the o...

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