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A sunk cost is one that a.was paid in the past and will not change regardless of the present decision. b.should determine the rational course

A sunk cost is one that

a.was paid in the past and will not change regardless of the present decision.

b.should determine the rational course of action in the future

c.has the most impact on profit-making decisions.

d.changes as the level of output changes in the short run.

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