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:

Bicarbonate

Bicarbonate is a buffer that helps maintain the pH balance in blood and other bodily fluids.

Feces

Waste matter discharged from the bowels after food has been digested, primarily composed of water, bacteria, and indigestible materials.

Intrinsic Muscles

Muscles located entirely within a specific body part or organ, responsible for its movement or function.

Buccinator

A muscle of the cheek that helps in mastication (chewing), blowing, and sucking by compressing the cheek against the teeth.