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Which of the following circuit breakers has high reliability and minimum maintenance ?
Opportunity Cost
Opportunity cost is the value of the next best alternative foregone as the result of making a decision.
Variable Costs
Payments that are contingent on the amount of production or the scope of sales, covering expenditures like materials and labor.
Variable Costs
Costs that vary directly with the level of production output, such as raw materials and direct labor expenses.
Relevant Costs
Relevant costs are those that will be affected by a decision in a specific situation and are considered when making financial or other managerial decisions.
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