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Simplify. 42 ÷ 3 ÷ 2
Fixed Costs
Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and equipment leases.
Variable Costs
Expenses that fluctuate in direct proportion to the volume of production or amount of output.
Fixed Costs
Expenses that do not change in total regardless of the level of production or sales activity, such as rent or salaries.
Variable Costs
Costs that vary directly with the level of production or sales volume.
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