Microeconomics the Easy Way

Microeconomics the Easy Way

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IN... an action or not. Sunk costs do not change because we have already paid them or because we are committed to paying them no matter what (such as a mortgage). ... cost $25 to fix. If not fixed, they are worthless. Alternatively, you can buy a new pair of running shoes exactly like your old ones for $10. ... As another example, consider the person with the aquot;Ia#39;d Rather Be Sailingaquot; bumper sticker. Why arena#39;tanbsp;...

Title:Microeconomics the Easy Way
Author:Walter J. Wessels
Publisher:Barron's Educational Series - 1997


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