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Which of the following shifts both the LAS and SAS curves?
Fixed Costs
Expenses that remain constant regardless of production or sales volume, including rent, salaries, and insurance costs.
Operating Income
An indication of a company's profitability from its core business operations, excluding income and expenses from unusual, non-operational activities.
Contribution Margin
The amount by which a product's sales price exceeds its variable costs, contributing to covering fixed costs and generating profit.
Fixed Costs
Expenses that do not change in total despite fluctuations in the level of output or sales volume, such as rent or salaries.
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