The change in total cost,if one alternative is implemented instead of another,is referred to as:
A)incremental cost
B)opportunity cost
C)changing cost
D)joint cost

Question

Quizplus · Accepted Answer

Incremental cost refers to the change in total cost when one alternative is implemented instead of another, making it the best choice for this question. Opportunity cost is the cost of giving up the next best alternative, changing cost is not a commonly used term, and joint cost refers to the cost of producing multiple products from a single production process.

The Change in Total Cost,if One Alternative Is Implemented Instead