Assume that you are trying to decide between watching a movie at the local theatre or renting a movie at home and watching it on your own television. After watching the movie at your chosen venue, you plan to order a pizza to be delivered to your home. Regarding the decision at hand, the cost of renting a movie at home is a:

Multiple Choice

• sunk cost.

• differential cost.

• future cost that does not differ between the alternatives.

• joint cost.