Which of the Following Best Describes Sunk Costs

question 159

Multiple Choice

Which of the following best describes sunk costs?

• A) They are costs that have already been incurred and cannot be recovered.
• B) They are costs that should be included when weighing the marginal costs of production against the marginal benefits received.
• C) When sunk costs are added to variable costs, they will equal the total costs of production.
• D) They are costs that are relevant to future decisions and should be carefully considered.

---

Definitions:

Wait List Control Group

In a therapy outcome study, group of people that functions as a control group while an experimental group receives an intervention and then receives the intervention itself after a waiting period.

Experimental Group

In an experimental study, group of participants that receive the key manipulation.

Therapy Outcome

The end result or effectiveness of a therapeutic intervention, usually measured in terms of patient improvement or symptom reduction.

Psychopathology

The study of mental disorders and maladaptive behaviors, including their symptoms, etiology (causes), and treatment.