Jack Bowers has paid off the mortgage on his house and continues to - 12786

Solution Posted by
ultimatetutor

ultimatetutor

Rating : No Rating
Solution Detail
Price: $1.20
  • From: Business,
  • Posted on: Sat 21 Jul, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

Jack Bowers has paid off the mortgage on his house and continues to live in the house. The interest income forgone by not selling the house and investing the proceeds is an example of a(n) _____. 

a.     sunk cost 

b.     detrimental cost 

c.     opportunity cost 

d.     outlay cost 

 

 

Solution Description