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After a very loud noise in her backyard woke her from a sound sleep, Ursula is lying in bed paralyzed by fear. Her heart is pounding, her face is flushed, and there is a sinking feeling in the pit of her stomach. The nervous system that is responsible for Ursula's body reactions to the noise is called ___________________.
Fixed Costs
Fixed costs are expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Variable Costs
Costs that change in proportion to the level of production or business activity.
Profit
The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.
Fixed Costs
Expenses that do not change in relation to levels of production or sales, remaining constant even as output varies.
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