Sunk costs

Use formal language and correct terminology in your discussion of relevant economic concepts, and apply relevant economic tools for problem solving in this real-life imitating simulation.

Topic: Thinking like an Economist You are one of a few co-owners of a commercial space of 50,000 sq. ft. in the building in downtown of your selected town in the State of NY (name it up front in your assignment). You have to come to a common decision like economists what to do with […]

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