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Midocean ridges form where two ocean plates
Variable Costs
Expenditures that adjust in relation to the level of production.
Fixed Costs
Costs that do not vary with the level of output produced by a firm, such as rent, salaries, and insurance premiums.
Profit
The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes.
Variable Costs
Costs that change in proportion to the level of production or business activity, such as raw materials and direct labor.
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