the city council is deciding whether or not to build a new stadium. which descriptions are sunk costs and should therefore not be a part of their decision? please place each description into the most appropriate category.

Respuesta :

The sunk cost for building a new stadium are money spent on buying the land, registration fees, money given to the  people who has been displaced from that place.

What is sunk cost?

A sunk cost is money that has already been spent and cannot be recovered. A sunk cost differs from future costs that a business may face, such as inventory purchase costs or product costs.

Such costs are excluded from future business decisions because they will remain the same regardless of the outcome of the decision.

Sunk costs are in contrast to relevant costs, which are future costs that have yet to be incurred.

Learn more about sunk cost here:

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