Which of the following is an example of a sunk cost?
A) The cost incurred in painting a new office space
B) The wage paid to workers in a mill
C) The cost of raw materials used in a factory
D) The cost of electricity used in the office
A
Economics
You might also like to view...
The price of a foreign currency expressed in terms of the home currency is called the:
a. exchange rate. b. rate of depreciation. c. dollar-yen ratio. d. opportunity cost.
Economics
Following a decrease in government spending, as the price level falls we would expect the level of interest rates to ________ and investment to ________
A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase
Economics