Physics · Engineering Economics
Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R): Assertion (A): Sunk costs are not relevant to economic decision-making. Reason (R): The opportunity cost of such spent resources is zero. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(R) is correct, but (A) is incorr ect.
- 2Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
- 3(A) is correct but (R) is not correct.
- 4Both (A) and (R) are correct and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are correct and (R) is the correct explanation of (A).
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