Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.
a. In the short run, managers cannot influence _______.
b. Costs that do not differ between alternatives are _______, for decision-making purposes.
c. Total _______ decrease when production volume decreases.
d. A product’s _______ and _______, not the product’s _______, should be used to forecast
total costs at different production volumes.
e. Total _______ stay constant over a wide range of production volumes.
f. _______ are costs that have already been incurred.
g. The cost of making one more unit is the product’s _______.
h. The difference in cost between two alternative courses of action is the _______.

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