Examlex
Which of the following statements is true of sensory receptors?
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Cartel
An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
Marginal Cost
The increase in total cost that arises from producing an extra unit of output.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
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