Which of These Types of Costs Can Be Ignored When

question 409

Multiple Choice

Which of these types of costs can be ignored when an individual or a firm is making decisions?

• A)sunk costs
• B)marginal costs
• C)variable costs
• D)opportunity costs

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Definitions:

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and cause distress.

Placebo Effect

A phenomenon in which a person experiences a physical or psychological improvement after taking a substance with no therapeutic effect.

Diagnostic Test

Procedures used to identify and determine the cause of disease or disorder in an individual.

Anxiety Disorder

A category of mental health disorders characterized by significant and persistent worry and fear that interfere with daily activities.