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Marginal Tax Rate
The tax rate that applies to the last dollar of the taxpayer's income, indicating the rate of tax on any additional income earned.
Fixed Cost
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.
Variable Costs
Costs that move in parallel with the rate of goods or services output.
Sensitivity Analysis
The study of how the variation in the output of a model can be attributed to different variations in the inputs of the model, used to predict the impact of changes in economic variables.
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