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A chronic, progressive inflammation and eventual irreversible degeneration of liver tissue characterized by nodules and scarring is called ascites.
Fixed Costs
Expenses that do not change with production volume, remaining constant regardless of business activity level.
Relevant Range
The span of activity or volume in which the assumptions about fixed and variable cost behavior remain valid.
Variable Cost
A cost that changes in direct proportion to changes in the level of production or sales volume.
Total Fixed Cost
The sum of all constant expenses that a company incurs, regardless of the manufacturing or sales volume.
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