Economics · Production and Costs

A cost that has already been incurred and cannot be recovered is known as a:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Marginal cost
2Variable cost
3Opportunity cost
4Sunk cost✓

Correct answer

Sunk cost

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A cost that has already been incurred and cannot be recovered is known as a:

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A cost that has already been incurred and cannot be recovered is known as a:

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