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  3. 1) what is an opportunity cost? how does it differ

1) What is an opportunity cost? How does it differ from a sunk cost? ...

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Accounting

1) What is an opportunity cost? How does it differ from a sunk cost?

2) A manager is faced with deciding whether to replace machine A or machine B. The original cost of machine A was $20,000 and that of machine B was $30,000. Because the two cost figures differ, they are relevant to the managers decision. Do you agree? Explain your position.

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