Week 3 discussion

Overview

• In every work environment in the public or private environments there are fixed and sunk costs. An example of a fixed cost is electricity bill and a sunk cost is purchased office furniture. Think about and research a product that was manufactured that you bought recently. Go to the Website (and cite) that company. In 300 to 500 words analyze the production and cost functions as you describe sunk costs and fixed costs for production for that item. Discuss the alternatives for both sunk and fixed costs.