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Union membership in the United States has fallen compared to what it was in the 1950s.
Variable Cost
Costs that change in proportion to the activity of a business.
Fixed Costs
Fixed expenses unaffected by the volume of production or sales, like rent, insurance, and wages.
Sensitivity
In finance, sensitivity indicates how much the value of an investment or project changes in response to changes in underlying variables, such as interest rates or market conditions.
Net Present Value
The financial difference calculated by subtracting cash outflows’ present value from cash inflows’ present value during a set period.
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