Examlex
In the compound H2CO3,what do the numbers 2 and 3 represent?
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of production or output in a business.
Variable Costs
Costs that change in proportion to the good or service that a business produces.
Fixed Costs
Expenses that do not change with the amount of goods or services produced by a business.
Sunk Costs
Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.
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