Examlex
In economics,the short run is:
Fixed Manufacturing Overhead
The set costs associated with operating a manufacturing facility that do not vary with the level of production, including salaries of managers and depreciation of equipment.
Unit Product Cost
The total cost (both fixed and variable) associated with producing a single unit of a product.
Additional Contribution Margin
The increase in contribution margin generated by an additional unit of sales, reflecting the revenue minus variable costs for that unit.
Purchasing Decision
The process of evaluating and choosing from among alternatives to buy products or services that best meet the criteria of the purchaser.
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