Examlex
Hobbes's argument in Leviathan can be restated as ______.
Variable Costs
Costs that change in proportion to the level of goods or services that a business produces.
Production
The process of creating goods or services by combining labor, materials, and technology.
Fixed Costs
Costs that do not change with the amount of goods or services produced over the short term.
Fixed Assets
Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming fiscal year, such as buildings, machinery, and equipment.
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