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After writing an exam, Yani told everybody that he did not study very hard and spent the weekend partying and playing video games.However, when the exam grades were posted the following week, Yani told everybody that he never studied so hard for an exam in his life and he described himself as brilliant.What is this an example of?
Variable Costs
Costs that change in proportion to the level of goods or services a company produces, such as materials and labor.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales.
Producers
Individuals or entities that create or supply goods and services for consumption by consumers, contributing to the economy.
Agricultural Product
Goods derived from farming and the cultivation of the land, including crops, livestock, and other raw materials.
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