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How might an appeal to quality of life support abortion for fetal defects? Provide an example of one type of birth defect that could support that appeal and one that could not.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent, insurance, and salaries.
Sunk Costs
Costs that have already been incurred and cannot be recovered.
Avoidable Costs
Expenses that can be eliminated if a particular decision is made or if a particular activity is discontinued.
Irrelevant Costs
Costs that should not influence decision-making because they will not change regardless of the outcome.
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