Choose the Correct Statement

Multiple Choice

Choose the correct statement.

A) Expenditure on a plant that has no resale value is a sunk cost.
B) A sunk cost is irrelevant to a firm's current decisions.
C) A cost that influences a firm's current decisions is the short-run cost of changing its labour inputs.
D) A cost that influences a firm's current decisions is the long-run cost of changing its plant.
E) All of the above.