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Payroll taxes are considered to be:
A.proportional.
B.progressive.
C.degressive.
D.regressive.
Marginal Cost
The increase in total production cost when output is increased by one unit.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor.
Fixed Cost
Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.
Average Cost
The total cost divided by the quantity produced, calculating the cost on a per unit basis.
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