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. Costs that differ between alternatives are called ________.
b. In the long run, most costs are ________, meaning that management is able to influence or change the amount of the cost.
c. ________ are costs that have already been incurred.
d. A (n) ________ is the cost of making one more unit.
e. Gasoline is one of many ________ in the operation of a motor vehicle.
f. A product’s ________ and ________, not the product’s ________, should be used to ­forecast total costs at different production volumes.
g. Within the relevant range, ________ do not change in total with changes in production volume.
h. The ________ per unit declines as a production facility produces moreunits.

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Variable costs Fixed costs Sunk costs Controllable costs Differential costs Marginal cost Uncontrollable costs Average cost