Examlex
Which of the following is not an operations strategic decision?
Minimum Point
The minimum point refers to the lowest value of a function, often found in mathematical optimization and related fields.
Marginal Cost
The rise in overall expenses associated with the manufacturing of an extra unit of a good or service.
Average Cost
The total cost of production divided by the number of units produced, a measure of the cost per unit.
Cost Function
A mathematical model or formula used to express the total cost of production as a function of varying levels of output.
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