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What is a determinant of health?
Fixed Costs
Expenses that remain constant regardless of production or sales levels, like lease payments, wages, and coverage plans.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials or commission on sales.
Fixed Expenses
Costs that do not change with the level of production or business activity.
Unit Contribution Margin
The amount by which the selling price of a unit exceeds its variable costs, indicating how much it contributes to covering fixed costs and generating profit.
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