Multiple Choice
The cost that cannot be recovered once spent
A) accounting cost
B) fixed cost
C) implicit cost
D) sunk cost
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: In long run, which factor of production
Q8: When AC minimum in short run<br>A)ac <
Q9: Cardinal utility analysis to consumer equilibrium was
Q10: The U shape of the LAC reflects<br>A)law
Q11: A production possibility curve is concave to
Q13: Economic cost include both<br>A)explicit cost and implicit
Q14: The cost expressed not in terms of
Q15: Implicit cost of a factor of production
Q16: The shape of TVC and TC are<br>A)rectangular
Q17: The MC curve cuts the AC curve