Once the Chunnel investors (in Application 3.3 on page 72) had incurred expenses of 2.5 billion, at

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Once the Chunnel investors (in Application 3.3 on page 72) had incurred expenses of £2.5 billion, at what projected total cost would they have decided to abandon the project?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:41 AM

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Once the Chunnel investors (in Application 3.3 on page 72) had incurred expenses of 2.5 billion, at

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Once the investors had incurred expenses of 25 million this cost became sunk and was no longer relev...View the full answer

Microeconomics

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