Sunk Costs, Marginal Costs and Economics - BlogClump
BlogClump
FEBRUARY 3, 2011
Thursday, 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. Marginal Costs - The difference made by one extra unit of something. It is a sunk cost.
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