Examlex
The percentage of hours worked by college educated workers since the 1960s has ________.
Fixed Costs
Costs that do not change with the amount of goods or services produced, such as rent, salaries, or insurance.
Accounting Profit
Profits as shown on a company’s financial statements. Accounting profit does not necessarily correspond to real or economic profit.
Variable Costs
Costs that vary directly with the level of production or a company's output, such as materials and labor.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
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