Sunk costs are costs of

Name: Sunk costs are costs of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered or changed, such as expenses on research and development or investments in equipment that may no longer have resale value or an alternative use. A is incorrect because it refers to a specific type of production, which may or may not involve sunk costs. B may be recoverable and therefore cannot be considered sunk costs.

Sunk Costs Are Costs of