Unit 7 Discussion V Unit 7 Discussion Sunk Costs and Decision Making Questions for Initial Response In Chapter 9 of your textbook, read the side-bar section titled \"Consider This..." regarding sunk costs. Based upon your reading of this section and other concepts covered in the course up until now, answer the following questions. Concepts that could be used to answer the questions include opportunity costs, marginal costs, marginal decisions, lowest average total costs, explicit costs, implicit costs, etc. 1. What is an example of either a personal or professional sunk cost that you have experienced, other than the examples in your textbook, in which you had to make a tough decision? 2. What factors did you have to consider when making the decision regarding the sunk cost? 3. What was your final decision? 4. Would you make the same decision again, now that you have studied about sunk costs? Why or why not? Using the concepts from the textbook, please be specific