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The Fourteenth Amendment
Variable Costs
Costs that vary directly with the level of production or business activity, such as materials, labor, and overhead expenses.
Break-Even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business is not making a profit but is also not losing money.
Variable Costs
Costs that vary depending on how much is produced or sold.
Break-Even Point
The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.
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