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Author Question: What is the difference between sunk costs and marginal costs?[br][br][b][color=#9E3EA8]Question ... (Read 72 times)

serike

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What is the difference between sunk costs and marginal costs?

Question 2

According to neuroeconomists, the limbic portion of the brain called the amygdala is more primitive and deals with emotion.
 a. True
  b. False
  Indicate whether the statement is true or false



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Benayers

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Answer to Question 1

Sunk costs are incurred by an individual when a past decision cannot be changed or corrected. Such costs cannot be avoided. Marginal costs however, can be avoided if choices or decisions are changed.

Answer to Question 2

True




serike

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Reply 2 on: Jun 30, 2018
Gracias!


FergA

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Reply 3 on: Yesterday
Wow, this really help

 

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