What is another word for differential cost?
Pronunciation: [dˌɪfəɹˈɛnʃə͡l kˈɒst] (IPA) 
Differential cost, also known as incremental cost or marginal cost, refers to the change in cost associated with making a specific decision. There are several synonyms for differential cost, including opportunity cost, variable cost, and relevant cost. Opportunity cost refers to the potential revenue lost by choosing one option over another. Variable cost reflects the cost that varies depending on the level of production or service. Relevant cost is the cost that affects a specific decision and can be used to help determine the most beneficial option. Understanding these different synonyms for differential cost can help individuals and businesses make informed decisions while considering the true cost of their choices.
