Examlex
Which of the following is not a long-term investment?
Average-Total-Cost
The cost per unit of output, calculated by dividing the total cost (fixed and variable costs) by the total quantity produced.
Marginal-Cost
The expense associated with producing one additional unit of a good or service, critical for decision-making in business and economic policy.
Economies of Scale
The cost advantage achieved by an increase in production, leading to a reduction in expenses per unit due to more efficient use of resources.
Long-Run Average Cost
The per-unit cost of production in the long term, where all inputs are variable.
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