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A new kitten is added to a home with an established older cat.The older cat gobbles up its food as well as that of the younger cat.Which term refers to the behaviour of the older cat?
Variable Costs
Costs that vary directly with the level of production or the volume of output.
Fixed Costs
Costs including rent, salaries, and insurance that stay the same regardless of production or sales amounts.
Variable Costs
Costs that fluctuate with the level of production or sales volume, such as materials and labor.
Fixed Costs
Expenses that do not change in total regardless of changes in the volume of goods or services produced or sold.
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