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Not only did Little Albert learn to fear white rats,he also cried when presented with a Santa Claus mask or a seal-fur coat.This behaviour was the result of:
Fixed Expenses
Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance premiums.
Target Profit
The amount of net income a business aims to achieve within a specific period.
Break-Even Point
The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.
Variable Cost Per Unit
The cost associated with producing one additional unit of a product, which can change depending on the level of production or sales.
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