Chandler, Inc., would like to buy one of the light fixtures its produces. The cost...
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Chandler, Inc., would like to buy one of the light fixtures its produces. The cost to buy the fixture is $ per unit. The cost to make the fixture is $ per unit. If the company buys, it can rent out the factory space it is no longer using for $ annually. In this situation, the $ is an:
sunk cost.
irrelevant cost.
avoidable cost.
opportunity cost.
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