Examlex
ESP refers to
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs.
Total Cost
The complete sum of all expenses incurred by a business or individual in producing a good or service.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance premiums.
Fixed Cost
Costs that do not change with the volume of production, such as rent, salaries, and equipment leases.
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