Which of the following defines a sunk cost?
a. Cost of the next best alternative
b. Cost of producing an additional unit
c. An asset with no scrap value
d. Total cost of producing a product
c
You might also like to view...
Personal income less personal taxes is called:
A) personal disposable income. B) national income. C) compensation of employees. D) savings.
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.
If the world price is below the domestic "no-trade" equilibrium price, then with international trade:
a. the domestic shortage can be eliminated by rationing. b. the domestic surplus can be consumed at home. c. the domestic surplus can be exported to the rest of the world. d. the domestic quantity demanded is equal to that supplied by the world. e. the domestic shortage can be met by foreign imports.
Under Alan Greenspan, the Fed:
A. Targeted interest rates only. B. Targeted the money supply only. C. Targeted the unemployment level. D. Used a mix of money-supply and interest-rate adjustments.