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Find the requested composition of functions.
-Given f(x) = 7x + 8 and g(x) = 5x - 1, find
Variable Cost
Costs that fluctuate in direct proportion to production or sales figures, including items like direct labor and raw materials.
Mixed Costs
Expenses comprising both fixed and variable components, changing in total with the level of activity but not proportionately.
Merchandising Firm
A business that purchases finished goods for resale in order to make a profit, differentiating itself from manufacturing firms and service firms.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
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