Examlex
Explain the functions of the electoral college in U.S. presidential elections
Fixed Costs
Costs that remain constant regardless of a company's level of activity, including lease payments, wages, and insurance fees.
Variable Cost
A cost that grows in direct proportion to the volume of output or sales.
Fixed Costs
Regular expenses that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.
Capacity
The maximum amount or number that something can contain or accommodate.
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