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Author Question: Over the past year price inflation has been 10, but the price of a used Ford Escort has fallen from ... (Read 61 times)

Ebrown

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on: Jul 1, 2018
Over the past year price inflation has been 10, but the price of a used Ford Escort has fallen from 6,000 to 5,000. The real price of a Ford Escort has fallen by:
 
  A) 12.
  B) 17
  C) 20.
  D) 24
  E) 32.

Question 2

Prospective sunk costs
 
  A) are relevant to economic decision-making.
  B) are considered as investment decisions.
  C) rise as output rises.
  D) do not occur when output equals zero.


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jessicaduplan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Ebrown

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

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

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