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What was the source of the problems encountered by many financial firms during the late 2000s?
Total Cost
The combined total of expenses involved in making goods or services, including costs that do not change and those that do.
Variable Input
Any resource used in production whose quantity can be changed in the short term to increase or decrease output, such as labor or raw materials.
Marginal Cost
The expenditure incurred from creating one more unit of a product or service.
Total Variable Cost
The total of expenses that vary directly with the level of production or output.
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