What is a sunk cost?
The average cost of operating a plant
A cost that can be avoided if certain choices are made
A cost that always varies with the output of a factory
A cost incurred no matter what the decision is and cannot be avoided
The
A. The average cost of operating a plant
B. A cost that can be avoided if certain choices are made
C. A cost that always varies with the output of a factory
D. A cost incurred no matter what the decision is and cannot be avoided
E. The
Solution
A cost incurred no matter what the decision is and cannot be avoided