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What is the scientific community and who belongs to it?
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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