Match the costs with their descriptions. i Instructions Fixed costs Variable costs Sunk costs Opportunity costs Avoidable costs Past expenses or investments that have no salvage value and therefore Expenses that fluctuate directly with changes in the level of output. should not be taken into account in considering investment alternatives. Any cost that has been adjusted for the risk that is inherent in the The benefit fornone or advantage lost that results from choosing one Rate your confidence to submit your answer. High Medium Low Readin