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Variable Costs Vary with Changes in the Level of Output,whereas

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Variable costs vary with changes in the level of output,whereas marginal costs do not vary as output changes.


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Language

A system of communication used by humans consisting of words used in structured and conventional ways.

Experimental Procedure

A sequence of actions or methods conducted as part of a scientific experiment.

Prediction

The act of making a forecast or estimate about a future event based on current knowledge or information.

Theory

A theory is a well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experiment.

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