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What role did ISIS attempt to take on during its rise?
Variable Costs
Costs that vary directly with the level of production or output, such as materials and labor.
Fixed Costs
Costs that do not change with the level of output or sales, such as rent or salaries.
Profit-Maximizing
The operational method a firm adopts to calculate the pricing and output that bring in the highest profit.
Average Total Costs
The total cost of production divided by the quantity of output produced, illustrating the cost per unit of output.
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