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To explain new fertility patterns in European countries, demographers have developed two new theories. In these two new theories, the decline of fertility and the importance of immigration are the main topics. What are the names of these two theories?
Net Income
This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.
Variable Cost
Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.
Fixed Costs
Definition: Business expenses that remain the same regardless of the level of production or sales.
Break-Even Point
The moment when the sum of all expenses matches the sum of all income, resulting in neither a profit nor a loss.
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