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Title: When economists refer to a production cost that has already been committed and cannot be recovered, they use the term

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Q:

When economists refer to a production cost that has already been committed and cannot be recovered, they use the term

           a.   implicit cost.

           b.   explicit cost.

           c.    variable cost.

           d.   sunk cost.


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Title: When economists refer to a production cost that has already been committed and cannot be recovered, they use the term

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    • Posted Date: Apr 28, 2012 at 9:18:33 PM

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A:
...sp;        a.   implicit cost.       &n...
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