Consider a car dealership advertises a three-year lease at $250 per month. When you arrive to apply, you discover that the lease requires a downpayment of $3600 dollars. You will undertake the lease if
A) you value the lease at least $350 per month.
B) you value the lease at least $250 per month, the $3600 is a sunk cost.
C) you value the lease less than $350 per month.
D) you value buying a new car at $400 per month.
A
Economics
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Samantha is given a flu shot by her doctor. This reduces the probability that she will get the flu and it also reduces the probability that others will get the flu, too. The latter is an example of a
A. negative externality. B. positive externality. C. substitute good. D. complementary good.
Economics
The quantity of labor supplied is determined by the:
A. opportunity cost of providing labor. B. marginal product of labor. C. number of firms. D. technology.
Economics