Economics · Cost Analysis

__________ is defined as the change in total cost as a result of a specific management decision to change the level or nature of business activity, investment, etc.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Sunk cost
2Incremental cost✓
3Opportunity cost
4Marginal cost

Correct answer

Incremental cost

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__________ is defined as the change in total cost as a result of a specific management decision to change the level or nature of business activity, investment, etc.

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__________ is defined as the change in total cost as a result of a specific management decision to change the level or nature of business activity, investment, etc.

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