50 years ago Ford Motor Company spent $1 Billion building a manufacturing plant in Ohio. The company is currently considering spending $100 million upgrading the plant to manufacture electric cars. The company consider the $1 billion dollars spent to build the plant when deciding if it should upgrade it because the $1 billion is a cost. O should; sunk O should not; sunk O should; fixed O should not; fixed

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: The day they go on sale, Beth forgets her money to buy season tickets to the high school basketball…

A: A technological innovation is a new or upgrade product or process whose technical features are…

Q: Why do people purchase more of something when its price falls?

A: Law of demand states that when other things remain the same increasing price leads to reduces the…

Q: Let’s say that you need a car. How would you go about deciding which car to buy?

A: The mechanism by which a person or a company decides the course of action to take is referred to as…

Q: What is size maximizing bureaucrat

A: The economies around the globe work with the major motive to increase their production, and…

Q: Meaning of utility

A: It is a service that is offered to the general population, such as water, gas, or electricity.

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: Goods that can be used to replace one another are called What?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: What is the matching concept?

A: The matching concept is an accounting practice whereby companies acknowledge revenue and related…

Q: Significance of scale of preference

A: Every individual has it's own needs and wants.

Q: The Process of Communication Essay

A: Communication is the process of bringing individuals together in order to organise them around a…

Q: Why would someone disagree with your preferred preference?

A: Preferences refer to an individual's or society's subjective rankings or choices regarding various…

Q: Using a two-period consumer model, explain how the household achieves the highest level of…

A: Under the 2 period consumer model household consumes in two periods where C1 is his consumption in…

Q: Definition of want

A: Economics is the study of efficient allocation of resources. The resources in the economy are…

Q: Consumers exercise self interest when

A: Any person or group of persons who buy or utilize products or services only for their own…

Q: Find Katie’s optimal amount of consumption and leisure.

A: The optimal amount of consumption and leisure varies individually, hinging on preferences, needs,…

Q: Write the method of  Computing the Present Worth?

A: Present value/worth is defined as the current value of the amount of money that a person will…

Q: you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes…

A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…

Q: a full explanation about perceived enjoyment

A: Enjoyment is basically the pleasure that people get from the various activities they perform in…

Q: Give a list of factors that might influence a consumer's motivation to purchase a penthouse flat and…

A: In a general scenario, we've got five main factors that determine consumer behavior, i.e these…