You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester, but still pay school tuition. Which of the following is this an example of? O Sunk cost O Equimarginal principle O Positive net gain O Marginal product of labor QUESTION 4 Evaluate the following statement: "A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the equimarginal principle" O False True

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Give me both answer with full explanation

 

 

You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester,
but still pay school tuition. Which of the following is this an example of?
Sunk cost
Equimarginal principle
O Positive net gain
O Marginal product of labor
QUESTION 4
Evaluate the following statement:
"A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the
equimarginal principle"
False
True
Transcribed Image Text:You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester, but still pay school tuition. Which of the following is this an example of? Sunk cost Equimarginal principle O Positive net gain O Marginal product of labor QUESTION 4 Evaluate the following statement: "A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the equimarginal principle" False True
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