Economy, asked by sourav3948, 2 months ago

Defferentiate sunk cost and incremental cost

Answers

Answered by thegreatrachijain

Answer:

Sunk costs are costs of a historic nature and are incurred as a result of past decisions and are therefore irrelevant to any decision-making process. ... Incremental costs are the changes in future costs and that will occur as a result of a decision.

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