Examlex
Variable costs are those costs that increase as the level of production increases.
Seller
An individual or entity that offers goods or services in exchange for payment or other compensation.
Specified Price
A pre-determined price point related to financial and contractual agreements.
Forward Contract
A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Farmer
An individual engaged in agriculture, raising living organisms for food or raw materials.
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