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When making decisions costs most frequently overlooked?What Is Opportunity Cost? Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked.
Which of the following refers to the costs that always differ between alternatives?Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels.
Which of the following cost should be considered for decision making?variable costs. Variable costs are relevant for decision making as they change when a decision is made.
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Which of the following can make a product line look less profitable than it really is?
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