Examlex
Which of the following would shift the LRAS curve to the left?
Mixed Cost
Expenses that have both fixed and variable components, changing with the level of activity but not directly proportional.
Variable Costs
are expenses that change in proportion to the activity of a business, such as the cost of raw materials used in production.
Differential Costs
The difference in total cost that will result from selecting one alternative over another.
Fixed Costs
Fixed costs include payments like rent, salaries, and insurance that are unaffected by variations in production or sales volumes.
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