Jack Bowers has paid off the mortgage on his house and continues to live in the house. - 2024

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 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 

 
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