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Epstein's framework is based on the notion that families, schools and communities as partners recognize a shared interest and responsibility for children.She refers to this as
Incremental Revenue
The additional revenue generated from a particular action or decision, compared to a scenario where the action was not taken.
Incremental Cost
The additional cost that is incurred if the production level increases by one unit.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.
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