Multiple Choice
Which of the following is an example of a sunk cost?
A) after you start watching a movie, the $8 you paid for the ticket
B) the $100,000 a shoe factory will pay for the leather it uses to make shoes
C) the electricity purchased by a horse breeder
D) the $10 being spent on gasoline purchased by a traveling salesperson
E) the $6,000 Tommy's insurance company pays him after an accident.
Correct Answer:
Verified
Correct Answer:
Verified
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