NotesFAQContact Us
Collection
Advanced
Search Tips
Back to results
Peer reviewed Peer reviewed
ERIC Number: EJ707689
Record Type: Journal
Publication Date: 2004-Sep-22
Pages: 5
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
On the Treatment of Fixed and Sunk Costs in the Principles Textbooks
Colander, David
Journal of Economic Education, v35 n4 p360 Fall 2004
The author argues that, although the standard principles level treatment of fixed and sunk costs has problems, it is logically consistent as long as all fixed costs are assumed to be sunk costs. As long as the instructor makes that assumption clear to students, the costs of making the changes recently suggested by X. Henry Wang and Bill Z. Yang in the Journal of Economic Education are greater than the benefits. (Contains 3 endnotes.)
Heldref Publications, Helen Dwight Reid Educational Foundation, 1319 Eighteenth Street, NW, Washington, DC 20036-1802. Web site: http://www.heldref.org.
Publication Type: Journal Articles; Opinion Papers
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A