Question: Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he

Mark is an engineer who has designed a telecommunications device. He

Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device. The rent Mark pays on the administrative office space for his new company would be considered: a variable cost an opportunity cost a sunk cost a product cost None of the above

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