The lesson of __________ is to forget about the money that’s irretrievably gone and instead to focus on the marginal costs and benefits of future options. Group of answer choices sunk costs opportunity costs marginal analysis budget constraints
The lesson of __________ is to forget about the money that’s irretrievably gone and instead to focus on the marginal costs and benefits of future options. Group of answer choices sunk costs opportunity costs marginal analysis budget constraints
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The lesson of __________ is to forget about the money that’s irretrievably gone and instead to focus on the marginal costs and benefits of future options.
Group of answer choices
sunk costs
opportunity costs
marginal analysis
budget constraints
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