Examlex
Financial objectives involve all of the following except:
Average Costs
The cost per unit is determined by dividing the total production cost by the number of units manufactured.
Long Run
A period sufficient for all inputs to production, including physical capital, to be adjusted.
Shut-Down
A temporary or permanent cessation of operations in a business or factory, often due to financial difficulties or external factors.
Marginal Costs
The additional cost incurred from producing one more unit of a product or service.
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