728x90 728x90 economic concept1 Understanding Sunk Costs: A Simple Explanation Understanding Sunk Costs: A Simple ExplanationSunk costs refer to expenses that have already been incurred and cannot be recovered. Because these costs are in the past, they should not influence current or future decisions. Let's break down this concept with easy-to-understand examples and a table for clarity.Examples of Sunk CostsMovie TicketSuppose you bought a movie ticket for $10. Before the.. 2024. 8. 7. 이전 1 다음 728x90 728x90