Differences between Sunk Cost and Incremental cost
Illustrates the differences between Sunk Cost and Incremental cost?
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Sunk Cost:
Sunk costs are those that have already been incurred and that cannot be changed by any decision made here or in the future. Such are past or historical costs.
Incremental cost:
It is additional costs incurred because of a change in the level or nature of activity.
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When a firm is a price taker into the labor market and the wage is $80 daily, the marginal resource cost incurred while hiring 20 more workers daily is: (w) $80. (x) $1600. (y) $800. (z) $400. Q : Demand for labor between two points in The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Q : Illustrates the relatively elastic Illustrates the relatively elastic demand?
The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Q : Illustrates the relatively elastic Illustrates the relatively elastic demand?
Illustrates the relatively elastic demand?
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