What concept relates to the proportionate savings in costs gained when levels of production are increased: A) Accounting profit. B) Economies of scale. C) Marginal costs. D) Barriers to entry. E) Economic profit.
What concept relates to the proportionate savings in costs gained when levels of production are increased: A) Accounting profit. B) Economies of scale. C) Marginal costs. D) Barriers to entry. E) Economic profit.
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...
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![What concept relates to the proportionate savings in costs gained when levels
of production are increased:
A) Accounting profit.
B) Economies of scale.
C) Marginal costs.
D) Barriers to entry.
E) Economic profit.
The benefit lost when choosing one option precludes receiving the benefits
from an alternative option was referred to as:
A) Irrelevant costs.
B) Lost costs.
C) Alternative costs.
D) Opportunity costs.
E) Sunk costs.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01b7a54c-2efe-4572-a02a-04be32ac028c%2Fbda1e627-021b-4ae6-b977-fd334c338d3b%2Fzsv9s6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What concept relates to the proportionate savings in costs gained when levels
of production are increased:
A) Accounting profit.
B) Economies of scale.
C) Marginal costs.
D) Barriers to entry.
E) Economic profit.
The benefit lost when choosing one option precludes receiving the benefits
from an alternative option was referred to as:
A) Irrelevant costs.
B) Lost costs.
C) Alternative costs.
D) Opportunity costs.
E) Sunk costs.
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