New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    The costs that have already been incurred and cannot be

    recovered are called ____
    A Marginal costs Correct Answer Incorrect Answer
    B Opportunity costs Correct Answer Incorrect Answer
    C Social costs Correct Answer Incorrect Answer
    D Sunk Cost Correct Answer Incorrect Answer

    Solution

    Sunk costs are costs that have already been incurred and cannot be recovered.

    Practice Next

    Relevant for Exams: