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What was the root cause of the decline of kelp beds on the west coast of the U.S.?
Fixed Manufacturing Overhead
Regular, unchanging costs associated with operating a manufacturing facility, excluding variable costs, such as rent, utilities, and salaries for management.
Margin of Safety
The difference between actual or expected sales and the break-even point, representing the cushion against potential losses.
Variable Cost
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.
Fixed Costs
Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.
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