Examlex
Which of the following is least likely to be considered a capital input?
Total Cost
The complete cost of production that includes both fixed and variable costs incurred in making a product or providing a service.
Average Variable Cost
The sum of costs that vary with the level of production, distributed over the total number of units produced.
Variable Cost
Expenses in a business that change in proportion with the volume of production or sales, such as materials and labor costs.
Total Cost
Total Cost is the complete cost of production, including both fixed and variable costs.
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