Since sunk costs are incurred no matter what,
A) They are relevant in deciding how much to produce
B) They are essential in the profit-maximizing sales quantity formula
C) They can generally be ignored in making economic decisions
D) They are considered fixed costs

Question

Quizplus · Accepted Answer

Sunk costs are those that have already been incurred and cannot be recovered, therefore they should generally be ignored in making economic decisions. The focus should be on future costs and benefits rather than past ones.

Since Sunk Costs Are Incurred No Matter What