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All of the following are true statements about southerners in the secession movement except
Lease Payments
Regular payments made by a lessee to a lessor for the use of an asset.
Total Cost
represents the complete expense incurred in the production of goods or services, including both fixed and variable costs.
Fixed Cost
Costs that do not change with the level of production or output, such as rent, salaries, and loan payments.
Variable Cost
Costs that vary based on a company's operations, including outlays for materials needed for manufacturing or other production-related inputs.
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