Differential costs are: (CMA adapted) Multiple Choice the difference in total costs that result from selecting one choice instea
d of another. the profit foregone by selecting one choice instead of another. a cost that continues to be incurred in the absence of activity. a cost common to all choices in questions and not clearly allocable to any of them.
The correct answer is letter "A": the difference in total costs that result from selecting one choice instead of another.
Explanation:
Differential cost is the result of subtracting the costs of two different options from where only one is to be selected. The concept is mostly used at the moment of producing when the firm must find out the difference in manufacturing one more unit of a good. Differential costs can be variable or fixed costs.
There are quite a few reasons that this difference could be
observed. The lower black median age could be connected to the greater number
of births in the black minority group than in the whites. Another reason could
be the aging of the non-Hispanic white group to a post child-bearing age and consequently
the general aging of this subgroup of the population. In general, differences
in group medians are due to the distribution of ages and the observed range of
the ages in the two dissimilar population groups.
