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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
Past expenses are irrelevant to supply decisions, because
A) expenses incurred in the past never affect the opportunities available in the present.
B) it is essential to avoid bankruptcy.
C) no one remembers the past.
D) supply decisions depend on opportunities that will have to be forgone, not opportunities already forgone.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 217 times
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DropxDropx
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Posts: 1991
8 years ago
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Sublight2097 Author
wrote...
8 years ago
Seriously, you've been tremendously helpful! Thank you.
wrote...
8 years ago
Thanks for the feedback Slight Smile
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