Examlex
Which one of the following entails the use of computers to monitor prices and also to submit trade orders in response to arbitrage opportunities?
Variable Costs
Costs that change in proportion to the level of goods or services produced, including costs for materials and labor directly involved in production.
Total Costs
The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Units
A basic measure of quantity in accounting or inventory management, representing a single item or element of output.
Fixed Costs
Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance.
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