One time, your cousin Mickey received a partial scholarship from Disney. This one positive experience shapes his overall impression of the company. This is an example of _bias.

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

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A: Consumption when equivalent to that of investment then it will be applicable.

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A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

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A: Given: Time period=4 years Discount rate=4%

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A: The protection from financial loss resulting from certain circumstances is referred to as insurance.…

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A: Consumer Equilibrium It refers to the number of goods and services that end users can purchase with…

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A: Price can be calculated by using the following formula.

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A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

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A: As per the guidelines, only the first question can be answered.

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