When a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of
a. Fixed-cost fallacy
b. Sunk-cost fallacy
c. Hidden-cost fallacy
d. None of the above
c
Economics
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The graph shown exhibits diseconomies of scale:
A. in region a. B. in region c. C. over the entire range of output. D. in region b.
Economics
If real GDP is 100 in year 1, and grows at a rate of 3 percent per year for 9 years, what will real GDP be in 9 years?
What will be an ideal response?
Economics