Sunk costs and opportunity costs

Relevant cost analysis - CHAPTER 1: Management. Most costs involve money payments by a firm. Costs may be classified as differential cost, opportunity cost and sunk cost. Sunk Costs: Definition Examples - Video Lesson.

This classification is made for decision making purposes. Sunk costs are past opportunity costs that are partially (as salvage, if any) or totally. In this lesson, sunk costs are defined and evaluated in the context of company decision making. Distinguish between sunk costs and opportunity costs. Economics 101: Sunk Costs and Opportunity Costs Co-op. Differential, opportunity and sunk costs - explanation and.

What is the difference between a sunk cost and an. Sunk and Opportunity Costs - The Citadel Contrast sunk costs and opportunity costs and explain which is relevant to decision making. Definition and meaning Definition of sunk cost: Money already spent and permanently lost. Why You Should NOT Factor Sunk Costs Into A Decision.

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Relevant cost analysis - CHAPTER 1: Management

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