You want to go skiing for the day. The cost of the lift ticket would be considered a(n):

Question

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The cost of the lift ticket is an out-of-pocket cost, which is a direct expense that is paid for in exchange for a good or service. Sunk costs are costs that have already been incurred and cannot be recovered, opportunity costs are the value of the next best alternative foregone, and indirect costs are expenses that are indirectly related to the production of a good or service.

You Want to Go Skiing for the Day