A firm currently rents a piece of machinery for 500 per month. The rental contract stipulates that
Question:
A firm currently rents a piece of machinery for £500 per month. The rental contract stipulates that this fee must be paid for the next 12 months. If the firm temporarily shuts down it could rent the machinery to another business for £300 per month. To what extent is this fixed cost also a sunk cost?
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300 per month out of the monthly fixed cost of 500 c...View the full answer
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Muhammad Umair
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