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One of the rules for electric charges is that the strength of the attraction or repulsion between charged objects is directly proportional to the distance between them.
Long Run
A period during which all factors of production and costs are variable, allowing full adjustment to any change.
Fixed Cost
Describes expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.
Variable Cost
Costs that change in proportion to the good or service that a business produces.
Total Cost
The complete cost of production, including both fixed and variable costs.
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