In economics, a synonym for utility is

In the short run, a firm might choose to produce rather than shut down even if its market price is less than its average total cost of production

Indicate whether the statement is true or false

A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85 . After the investment has been made, the $400,000 investment is

a. Considered sunk costs, not relevant in further decision making b. Considered sunk costs, but still relevant in further decision making c. Considered a loss d. Considered a profit