An Uber driver

An Uber driver faces costs for driving that include sunk costs like insurance that contribute $.50 to the average cost per mile. Yet when a rider offers to pay less than $0.50 per mile for a ride, the driver agrees because SUNK COSTS LIKE AUTO INSURANCE (IN THIS CASE)...

An Uber driver

An Uber driver faces costs for driving that include sunk costs like insurance that contribute $.50 to the average cost per mile. Yet when a rider offers to pay less than $0.50 per mile for a ride, the driver agrees because SUNK COSTS LIKE AUTO INSURANCE (IN THIS CASE)...