A sunk cost is a cost that once incurred can always be recoverednever be recovered...
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Economics
A sunk cost is a cost that once incurred can always be recoverednever be recovered sometimes be recovered Question 3 Consider theshort run. Which statement below is TRUE? Average fixed cost fallsas output increases. Average fixed cost inser as output thocesses.Question 4 The short-run supply curve of a competitive firm is theaverage variable cost curve above the short-run marginal cost curvemarginal cost curve shove the short-ran nerse valuble costcurve
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