Paul earns $60,000 as an engineer, and he is considering quitting his job and going...
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Accounting
Paul earns $60,000 as an engineer, and he is considering quitting his job and going to graduate school. This $60,000 should be treated as a __________ if Paul runs an NPV analysis of his graduate degree. a. sunk cost b. opportunity cost c. fixed cost d. cannibalization cost
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