within the relevant range

• Both total variable costs and total fixed costs will remain constant
• Both total variable costs and total fixed costs fluctuate
• Fixed costs per unit will remain constant and variable cost per unit fluctuate
• Variable costs per unit remain constant and fixed costs per unit will fluctuate

in making decisions whether to purchase new equipment for use in the manufacturing process, which of the following would not be relevant

1. Differential costs
2. Opportunity costs
3. Sunk costs
4. Any change in product costs

an oppotunity cost is

1. The difference between the total cost of one alternative and the total cost of another alternative
2. The benefit forgone when one alternative is selected rather that another
3. A cost that is saved by not adopting a given alternative
4. A cost that continues to be incurred even when there is no activity