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Why is the humidity index important to estimate the severity of a heat wave?
Variable Costs
Operating expenses that fluctuate based on business operations.
Zero Profit
A situation where a business or investment generates no profit but also doesn’t incur a loss, essentially breaking even.
Unit Contribution Margin
The difference between the selling price of a product and its variable costs.
Fixed Costs
Expenses that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.
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