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Distinguish between a database lockout and a deadlock.
Fixed Cost
Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.
Variable Cost
A variable cost changes in direct proportion to the level of production or activity in a business, such as materials and labor.
Marginal Cost
The additional expense incurred from generating one more unit of a product or service.
Total Fixed Costs
The total of all expenses that stay unchanged no matter the amount of production or output.
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