Examlex
In a binomial distribution
Linear
Pertaining to or resembling a line; often used in mathematics to describe a relationship of direct proportionality.
Relevant Range
The range of activity within which the assumptions made about cost behavior are valid.
Variable Costs
Expenses that change in proportion to the amount of goods produced or the volume of sales.
Fixed Cost
Costs that remain constant in total regardless of changes in the volume of activity or production level.
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