Unformatted text preview: 1. A question 2. Either/or Choices a. Bibi the tutor, parts 1 and 2 i. Relevant costs ii. Sunk costs 3. How much/many Choices a. Stasia and the Smorgasbord i. Relevant costs ii. Sunk costs 4. The answer a. Delta and the Mayor i. Relevant costs E. Positive vs. normative economics III. NEXT TIME A. Chapter 2: “The Production Possibility Model…”...
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- Spring '08
- Economics, Economic Reasoning, i. Relevant, C. Economic reasoning, ii. Sunk, B. Practice Problems