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What is the function of T3 (tri-iodothyronine) and T4 (thyroxine) ?
Variable Costs
Costs that change directly in proportion to changes in the volume of production or activity level, such as raw materials, labor costs directly tied to production, and utility costs for manufacturing facilities.
Fixed Costs
Expenses that do not change in total despite changes in the volume of goods or services produced or sold.
Sales
The total revenue earned from selling goods or services over a specific period.
Break-Even
The point where total expenses match total income, leading to neither a profit nor a loss.
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