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Author Question: What is the difference between sunk costs and marginal costs?[br][br][b][color=#9E3EA8]Question ... (Read 78 times)

serike

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
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
YES! Correct, THANKS for helping me on my review

Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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