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Why is it important for Bentham that laws be structured in such a way that people are incentivized to act morally?
Dependent Variable
A variable that responds to some causal factor; total cost is the dependent variable, as represented by the letter Y, in the equation Y = a + bX.
Independent Variable
A variable in an experiment that is manipulated to observe its effect on the dependent variable.
Variable Manufacturing Cost
Direct costs associated with manufacturing, changing with the level of output, including direct materials, direct labor, and variable manufacturing overhead.
Production Volume
The total quantity of goods produced within a specific period by a manufacturing entity.
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