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When a firm has to increase its output,average total costs will decrease in the short run and then increase in the long run after the firm has time to add physical capital.
Order Cost
The total expenses incurred in placing and receiving an order, including production, shipping, and handling fees.
Variable Cost Per Unit
The cost that varies with each unit of production or service provided.
Net 30 Credit Policy
A payment term indicating that the payment for goods or services is due 30 days after the invoice date, often used in business-to-business transactions.
Monthly Interest Rate
The interest rate applied to a loan or investment for one month, often used to calculate the monthly interest payments or earnings.
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