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Unformatted text preview: 30$ because she hasn't bought it yet. The “key word” is “considering” if she has already bought the plan the marginal cost of the first minute woule be 0 because the 30$ would be a sunk cost at that point. Too many students fail to get a degree. Is this a Normative statement or a Positive statement? It's Normative Given the product possibility shown, point p is __________ and ___________ inefficient and unatainable I didn't label one lab from another. Is the stuff about absolute advantage in lab #2?? . P...
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This note was uploaded on 09/18/2011 for the course ECON 2030 taught by Professor Bong during the Fall '07 term at LSU.
- Fall '07