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You and your friend want to go to the top of the Eiffel Tower. Your friend takes the elevator straight up. You decide to walk up the spiral stairway, taking longer to do so. Compare the gravitational potential energy (U) of you and your friend, after you both reach the top.
Operating Expense
An ongoing expense incurred in the operation of a business, such as rent, utilities, and salaries.
Operating Profit
Earnings before interest and taxes, calculated by subtracting operating expenses from gross profit.
Mark-up
The difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.
Unit Cost
The expense associated with creating, storing, or purchasing a single unit of a product or service.
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