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A Firm Built an Inventory of 16-Bit Chips for $50,000

Question 45

Multiple Choice

A firm built an inventory of 16-bit chips for $50,000 last year.However,the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now.What is the sunk cost?


A) $50,000
B) $40,000
C) $10,000
D) $90,000

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