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Which of the following is an example of both oral and written communication?
Variable Costs
Costs that change in proportion with the level of output or business activity, in contrast to fixed costs.
Profit per Unit
The difference between the selling price of a product and its cost per unit.
Profit-maximizing Output
The level of output at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.
Marginal Cost
The cost escalation resulting from the creation of one additional unit of a good or service.
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