A sunk cost is
A) the cost for drilling certain types of wells, such as a well for water.
B) a past cost that cannot be recovered.
C) a cost that is highly relevant for decision-making.
D) an opportunity cost.
B
Economics
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Which of the following is most likely to be a normal good?
a. trips to the laundromat b. macaroni-and-cheese dinners c. tickets to major league baseball games d. bus rides e. used paperback books
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