Which of the following statements is false? (You may select more than one answer.)a. Under some circumstances, a sunk cost may be a relevant cost.b. Future costs that do not differ between alternatives are irrelevant.c. The same cost may be relevant or irrelevant depending on the decision context.d. Only variable costs are relevant costs. Fixed costs cannot be relevant costs.

Question

Which of the following statements is false? (You may select more than one answer.)
a. Under some circumstances, a sunk cost may be a relevant cost.
b. Future costs that do not differ between alternatives are irrelevant.
c. The same cost may be relevant or irrelevant depending on the decision context.
d. Only variable costs are relevant costs. Fixed costs cannot be relevant costs.

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