The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options.
A) sunk costs
B) opportunity costs
C) marginal analysis
D) budget constraints

Question

Quizplus · Accepted Answer

The lesson of sunk costs is to ignore costs that have already been incurred and cannot be recovered, focusing instead on the costs and benefits of future decisions.

The Lesson of __________ Is to Forget About the Money