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A university and college in the same city decide to merge.What type of benefits do these academic institutions benefit from?
High-Low Method
The high-low method is a statistical technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.
Cost Equation
An equation that reflects the relationship between costs, production volume, and other factors, often used for predicting costs at various levels of activity.
Two Points
In finance, two points refer to a one percent change in the face value of a financial instrument like a loan or mortgage, often related to fees or interest rates.
Variable Cost Per Unit
The cost that changes with the level of output or production, expressed on a per unit basis.
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