1. First, I need to think about my home or car, for instance. Basically, if I decide to stay each night in my home or drive my car many miles every day, does my rent/mortgage or car payment vary?
2. What about my electric or water usage at home, or my monthly gasoline usage?
3. How do I explain why sunk costs are irrelevant for decision-making?
4. Also, is there an example of citing a personal experience where, for instance I incurred a sunk cost and how I handled the experience?

Answer rating: 100% (QA)

Certainly lets break down your questions 1 RentMortgage or Car Payment Variation Your rent or mortga... View the full answer