Question

What is sunk cost? Give few examples of how people consider sunk costs in their decisions by mistake.

Answer 1

nswer: incurred Cast Sumk cast Surnk Cast is q раш when the omce tme SUnk cost is ircured then there have rec over option n the other cost ue have recover the cast from other deeision buef jm the Sumk Cast there have no method for recover -the Cast Sumk Cast is a the fixed Cost Tn the Sumk Cast individualc amd bueines ncur Semk Cast alto krow as the stronded Cast Sumk Cot Condition Cam Tnot be chage n Sumk Cost Comrot refumde or recovered Hre uhen the pple paid the hisoom racevring nd h ipte ten Exormpk rent then there have ro Omce opHom tor hvest the alco when the he did notet he Mast example is when tepeople spend the He petol torhis Cor then he get he Jocs the then the ecover the morey.