Examlex
Translate the medical term lactogenic as literally as possible.
Sunk Cost
An expense that is irreversible and non-recoverable, hence it should not affect upcoming corporate choices.
Incremental Cost
The additional cost incurred to produce one more unit of a good or service.
Opportunity Cost
The potential benefit that is missed out on when choosing one alternative over another.
Opportunity Costs
The cost of an alternative that must be foregone to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
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