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What is JavaScript? How is JavaScript code activated?
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and loan payments.
Selling Price
The amount at which a product or service is offered to the market.
Variable Cost
Expenses that change in proportion to the activity or volume of a business, such as raw materials and labor costs directly tied to production levels.
Average Variable Cost
This is the average amount of variable costs (costs that change with production levels) per unit produced.
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