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Use differentiation to determine whether the sequence is strictly increasing or strictly decreasing, or neither.
Nonrefundable
Describing a payment or deposit that cannot be returned or refunded back to the payer under most circumstances.
Nontransferable
An attribute of an item or asset that cannot be legally transferred or assigned from one individual or entity to another.
Fixed Cost
Expenses that do not change with changes in the volume of production, such as rent, salaries, and insurance.
Depreciation of Capital
This refers to the decrease in the value of physical assets over time due to use, wear and tear, or obsolescence.
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