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50 Years of ERIC
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Peer reviewed Peer reviewed
ERIC Number: EJ670529
Record Type: CIJE
Publication Date: 2001
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0022-0485
Fixed and Sunk Costs Revisited.
Wang, X. Henry; Yang, Bill Z.
Journal of Economic Education, v32 n2 p178-85 Spr 2001
Attempts to clarify the concepts of, and the link between, fixed costs and sunk costs. Argues that the root of confusion is the inconsistency in defining the term fixed costs. Consistently defines fixed and sunk costs, and describes how instructors must teach under these definitions. (RLH)
Descriptors: Costs, Economics Education, Higher Education, Microeconomics
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A
Note: Journal of Economic Education is a refereed journal.