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-In the above figure, the relationship between x and y is
Fixed Costs
Expenses that do not change in proportion to the level of goods or services produced within a certain period.
Variable Costs
Costs that vary directly with the level of production or service provision.
Scenario Analysis
A method of evaluating potential future events through examining different possible scenarios.
Optimistic Situation
A scenario or condition where outcomes are expected to be favorable or the best possible.
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