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What is the cumulative cost in February in this time-phased budget?

Activity January February March April Survey 8,000 Design 5,250 4,500 Dirt 6,700 Foundation 12,550 Framing 37,250 Plumb 7,800 Wire 5,500 A) $23,750 B) $37,000 C) $45,050 D) $50,550

Loss aversion is the behavior of excessively conservative investors

Indicate whether the statement is true or false.