Why does the sunkness or nonsunkness of a cost depend on the decision being made?

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Why does the "sunkness" or "nonsunkness" of a cost depend on the decision being made?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:53 AM

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Why does the sunkness or nonsunkness of a cost depend on the decision being made?

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Whether or not a particular cost is sunk ...View the full answer

Microeconomics

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