What ate the taxi fixed costs

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Reference no: EM131391938

Suppose a taxi company wishes to start a new business that requires a license from NY City for $30,000. The taxi license is transferable, but only 15,000 is refundable within 15 days of the date of purchase.

What ate the taxi’s fixed costs?..................................................................................

What is taxi’s sunk costs? ……………………………………………………….

Suppose the manager obtains a license but then decides against the business. If another taxi firm offers the manager $20,000 for the license, should the manager accept the offer? Explain

Reference no: EM131391938

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