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Juanita is creating a culture-fair test to measure the intelligence levels of her third-graders.Her test will probably consist primarily of ____.
Total Costs
The sum of all expenses associated with the production of goods or services, including both fixed and variable costs.
Output
The amount of goods or services produced by a person, machine, factory, or country.
Variable Costs
Costs that change in proportion to the volume of goods or services produced.
Accounting Profit
The financial gain calculated by subtracting total expenses from total revenues, as per accepted accounting principles.
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