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Reflect on your reading and understanding of implicit, explicit and sunk costs and economic and accounting profit. Watch the video and briefly discuss how these concepts are applied in the true cost of oil.

2. Revisit your highs and lows during the current or past week and share a bud, a rose or a thorn or all three. State the bud, the rose or the thorn and explain briefly how it impacted your own decision making either positively or negatively in terms of what you have learned in this week’s reading as well as the current situation that you are experiencing. Here is a short video you get you thinking:


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