Examlex
A macroeconomist - as opposed to a microeconomist - would study
Variable Cost
Expenses that are directly linked to the scale of production activity.
Fixed Cost
Costs that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance.
Depreciation Expense
The portion of the total cost of a tangible asset that is charged as an expense in a reporting period, due to its reduction in useful life.
Sensitivity Analysis
A technique used to determine how different values of an independent variable impact a particular dependent variable under a given set of assumptions.
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