For this discussion question you will apply cost principles


For this discussion question, you will apply cost principles to business problems. A sunk cost is one that has already been incurred and cannot be recovered. Economic theory supports that only prospective (or future) costs are relevant to a decision. Provide an example of a sunk cost either from your present employment or personal circumstances. Was the sunk cost completely discarded in the decision making process or was it factored into the analysis?

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Business Economics: For this discussion question you will apply cost principles
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