The difference in total costs between two alternatives is referred to as the:

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The difference in total costs between two alternatives is referred to as incremental cost. This is the relevant cost when making a decision between two options. Direct cost is the cost that can be directly attributed to a specific activity or product. Opportunity cost is the cost of the next best alternative forgone in order to pursue a certain action or decision. Sunk cost is a cost that has already been incurred and cannot be recovered.

The Difference in Total Costs Between Two Alternatives Is Referred