The costs which can be avoided if we alter our decisions or choices are referred to as:
A)average costs.
B)opportunity costs.
C)marginal costs.
D)sunk costs.

Name: The costs which can be avoided if we alter our decisions or choices are referred to as: A)average costs. B)opportunity costs. C)marginal costs. D)sunk costs.
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Question

Quizplus · Accepted Answer

Marginal costs are the additional costs incurred when producing one more unit of a good or service, and they can be avoided if production decisions are altered.

The Costs Which Can Be Avoided If We Alter Our