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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 32
While Superman sits around Metropolis waiting to save Lois Lane from Lex Luthor, he sacrifices the opportunity to generate electricity for millions. That forgone opportunity is a(n) _________ cost of protecting Lois Lane.
A) Implicit
B) Explicit
C) Monetary
D) Sunk
A) Implicit
B) Explicit
C) Monetary
D) Sunk
Explanation
Verified
Verified
Implicit cost refers to the cost of givi...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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