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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 6
If the firm for which you work pays you 20 cents for every mile you drive your own car on company business, should you use your own car or a company car? Which of the following costs are relevant to your decision?
(a) Purchase price of your car
(b) Vehicle license fee
(c) Insurance premiums
(d) Depreciation
(e) Gasoline
(a) Purchase price of your car
(b) Vehicle license fee
(c) Insurance premiums
(d) Depreciation
(e) Gasoline
Explanation
Verified
Verified
In order to decide that whether a firm w...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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