Examlex
An acid and a base react to form a salt,which consists of positive and negative ions.Which forms the positive ions: the acid or the base? Which forms the negative ions?
Marginal Costs
The amount spent on producing an extra unit of a product or service.
Fixed Costs
Costs that do not vary with the level of output or sales in the short term, such as rent or salaries.
Sunk Costs
Costs that have already been incurred and cannot be recovered or refunded, and thus should not factor into future decision-making processes.
Fixed Costs
Fixed expenditures that are unaffected by changes in production or sales volumes, like rent, wages, and insurance costs.
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