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"New Immigrants

question 72

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"New immigrants":


Definitions:

Net Income

The amount of profit left after all operating expenses, taxes, and costs have been subtracted from total revenue.

Variable Costs

Expenses that fluctuate with the level of output or sales, such as raw materials and direct labor.

Fixed Costs

Costs that do not vary with the level of production or sales, remaining constant regardless of business activity levels.

Variable Costs

Costs that vary directly with the level of production or the volume of services provided.

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