Sunk Costs

question 65

Multiple Choice

Sunk costs

• A)can only be measured in monetary terms
• B)are opportunity costs
• C)should influence a person's choice if that person is a marginal decision maker
• D)lower the efficiency of production
• E)should not be considered when making economic decisions

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Definitions:

DHT

Dihydrotestosterone, an androgen hormone that plays a role in the development of male characteristics and certain medical conditions.

Artificial Insemination

A medical procedure that involves placing sperm directly into a woman's cervix, uterine cavity, or fallopian tubes to aid in conception.

Semen

The fluid containing sperm and other secretions that is expelled during ejaculation.

Transurethral Resection

A surgical procedure to remove tissue from the urinary bladder, prostate, or urethra, performed through the urethra.