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The ability to simultaneously recognize the color,shape,size,and speed of an oncoming automobile best illustrates
Fixed Cost
A cost that does not change with the volume of sales.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.
Variable Costs
Costs that vary directly with the level of production or sales, such as materials and labor.
Net Income
The amount of money left over after all expenses and taxes have been subtracted from total revenue.
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