Examlex
In what way has anthropological research changed over the years?
Variable Costs
Costs that change in proportion to the good or service that a business produces, such as raw materials and direct labor.
Fixed Costs
Costs that do not vary with the level of production or sales volume, such as rent, salaries, and insurance premiums.
Mixed Costs
Expenses that have both fixed and variable components, changing in total with the level of activity but not in proportion.
Sunk Costs
Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.
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