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To display information on two variables,an economist must use
Fixed Costs
Expenses that do not change with the level of goods or services produced by the business, such as rent, salaries, and insurance premiums.
Break-even Sales
The amount of revenue from sales that exactly covers fixed and variable costs, resulting in neither profit nor loss.
Fixed Costs
Expenses that do not change with the level of output or production, such as rent, salaries, and insurance premiums.
Break-even Point
The point at which total costs equal total revenues, indicating that a business is neither making a profit nor a loss.
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