Homework ProblemsEnd Notes; Chapter 3: Benefits, Costs, and Decisions; 3.1 Background: Variable, Fixed, and Total Costs; 3.2 Background: Accounting versus Economic Profit; 3.3 Costs Are What You Give Up; 3.4 Sunk-Cost Fallacy; 3.5 Hidden-Cost Fallacy; 3.6 A Final Warning; Summar…