The hidden-cost fallacy occurs when
a. A firm considers irrelevant costs
b. A firm ignores relevant costs
c. A firm considers overhead or depreciation costs to make short-run decisions
d. Both a and c
b
Economics
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Positive economics is descriptive because:
A) it is based on ethical judgments. B) its predictions cannot be verified with data. C) it prescribes what an individual or society ought to do. D) it explains what has happened or predicts what will happen.
Economics
In 2014, employees covered by company-provided health insurance paid ________ percent of the cost of their own health insurance
A) 3 B) 18 C) 37 D) 65
Economics