A cost that is unavoidable regardless of the actions of a decision maker is called
A) A sunk cost
B) A marginal cost
C) An opportunity cost
D) An incremental cost

Question

Quizplus · Accepted Answer

A sunk cost is a cost that has already been incurred and cannot be recovered, regardless of the future actions of a decision maker. It is therefore unavoidable. Marginal costs, opportunity costs, and incremental costs can all be affected by the decisions of the decision maker.

A Cost That Is Unavoidable Regardless of the Actions of a Decision