Question

You paid $25 for your ticket to the football game, only to see your favorite team losing 28-0 at the end of the first quarter. That $25 should now be regarded as a(n) __________ cost that economists say should be __________ in your decision on whether or not to stay at the game or leave.

Answer 1

Answer:

Sunk; disregarded

Explanation:

Sunk cost is cost that has already been expended and cannot be recovered. It shouldn't be considered when making decisions.

No matter how much one argues, one would not be able to recover the $25. Therefore, it is sunk cost.

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