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Which lists the three basic rock types?
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.
Opportunity Costs
The missed opportunity to benefit from different options when a single choice is made.
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