New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The costs that have already been incurred and cannot be

    recovered are called ____
    A Marginal costs Correct Answer Incorrect Answer
    B Opportunity costs Correct Answer Incorrect Answer
    C Social costs Correct Answer Incorrect Answer
    D Sunk Cost Correct Answer Incorrect Answer

    Solution

    Sunk costs are costs that have already been incurred and cannot be recovered.

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