Sunk Costs, Marginal Costs and Economics - BlogClump
BlogClump
FEBRUARY 3, 2011
Sunk Costs, Marginal Costs and Economics. Two of these are cost related. Here are some basic definitions from The Economist website : Sunk Costs - When what is done cannot be undone. Sunk costs are costs that have been incurred and cannot be reversed, for example, spending on ADVERTISING or researching a product idea.
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