Question: When making a long-run decision, you should disregard (i) fixed costs. (ii) variable costs. (iii) marginal costs. (iv) sunk costs. Group of answer choices (iv).
When making a long-run decision, you should disregard
(i) fixed costs.
(ii) variable costs.
(iii) marginal costs.
(iv) sunk costs.
Group of answer choices
(iv).
(ii).
(ii) and (iii).
(iii)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
