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Due to the fact that Curly used his frequent fly correct? er miles to fly to visit Moe, Curly told Moe that it didnt cost him anything to visit ls Curly
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Answer #1

In an economic context, Curly is correct.

Curly gathered and earned his frequent flyer miles as result of high volume of air travel. But the cost incurred for those air travels is already spent and cannot be recovered on basis of future decisions or actions. Therefore such costs are sunk costs and irrelevant for decision making purposes. The relevant cost for decision making is Marginal (Unit) cost of flying at present, which is zero. Therefore, economic incremental/relevant cost of flying is zero.

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