1. Identify and briefly define the four types of costs from Havens and Lotz Ch 5
2. Is the Song of the Summer podcast about the production of a “single” or “continuous” media good? Who pays the costs of making the Rihanna record?
3. Using the rough figures provided in the podcast, create an accounting statement of all the costs reported for Rihanna’s “Loud” album (not just the single “Man Down”).
Calculate the total reported spending for each category (e.g. development costs, etc.)
What are the total sunk costs reported in the podcast?
