________ are costs that,once committed,can never be recovered and should not affect current and future production costs.

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, thus they should not be considered in current or future production costs. Opportunity costs are the potential benefits foregone by choosing one alternative over another, marginal costs are the cost of producing one additional unit, and variable costs are costs that vary with the level of production.

________ Are Costs That,once Committed,can Never Be Recovered and Should