__________ are already incurred once and for all, and cannot be recovered.

CA Foundation · Business Economics · PYQS · January 2025
__________ are already incurred once and for all, and cannot be recovered.
(A) A. Sunk costs
(B) B. Historical cost
(C) C. Private costs
(D) D. Social costs

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Sunk costs

Topics: Theory of Production and Cost

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic