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Smokey Joe's Bar and Restaurant gives a new employee, Chef Mack, a bonus for joining the kitchen staff. However, Mack turns out to be a

Smokey Joe's Bar and Restaurant gives a new employee, Chef Mack, a bonus for joining the kitchen staff. However, Mack turns out to be a terrible cook and is shortly thereafter fired. What type of cost is the bonus Smokey Joe's paid to Mack? Why is this cost irrelevant to Smokey Joe's current decisions?

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