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scigeekalic scigeekalic
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2 months ago

The owner of a firm signs a binding one-year lease on a factory for $10,000 rent a month and pays the first month's rent. The $10,000 rent is



▸

a fixed cost but not a sunk cost.



▸

a sunk cost but not a fixed cost.



▸

both a fixed cost and a sunk cost.



▸

neither a fixed cost nor a sunk cost.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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amieamie
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2 months ago
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both a fixed cost and a sunk cost.
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