3.3.3.8d - significance of sunk costs for contestability
- Syllabus
- 2018
- Objective
- 3.3.3.8
- Level
- A2
The significance of sunk costs for contestability.
Use d - significance of sunk costs for contestability to connect the rule to the data and decision in the question.
This matters because d - significance of sunk costs for contestability determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.
Example: apply d - significance of sunk costs for contestability to one small, clearly defined case, show the key step or comparison, and explain the result in words.
Boundary: d - significance of sunk costs for contestability is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.