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If there is an increase in the number of worker hours that results in an increase in output, what will happen to the measure labor force productivity
Sunk Cost
Costs that have already been incurred and cannot be recovered or changed.
Alternative
An option or choice among several available in a given situation, often considered when making decisions.
Relevant Range
The span of activity or volume over which the specific assumptions of cost behavior hold true, often considered in budgeting and decision-making.
Mixed Costs
Expenses that contain both fixed and variable components, changing in total with the level of activity but not directly proportional.
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