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__________is the increase or decrease in total costs that results from an alternative course of action.
Sunk Cost
Opportunity Cost
Replacement Cost
Differential cost
Differential cost is the increase or decrease in total costs that results from an alternative course of action. Differential cost is the difference of total costs between two alternatives or two levels of output. It is computed by deducting the cost of one alternative from the cost of other alternative. Differential cost can be either incremental or detrimental cost.
By: Vikas Goyal ProfileResourcesReport error
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