Your favorite team has a commanding lead toward the end of the ballgame.You suggest to your friend that you leave early to beat traffic.Your friend does not like the idea because he paid $50 to see the game.The $50 already spent on the game is an example of a(n):

Question

Quizplus · Accepted Answer

The $50 already spent on the game is a sunk cost because it cannot be recovered or changed, regardless of whether or not you stay for the rest of the game. Therefore, it should not influence your decision on whether or not to leave early to avoid traffic.

Your Favorite Team Has a Commanding Lead Toward the End