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Which of the following statements is true? 1.Costs that do not differ among the alternatives are relevant in a decision. 2.Sunk costs are relevant

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Which of the following statements is true? 1.Costs that do not differ among the alternatives are relevant in a decision. 2.Sunk costs are relevant in a decision. (2.5) 1) Neither statement is true. 2) Both statements are true. 3) Only statement II is true. 4) Only statement I is true.

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