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In Japan, lifetime employment
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Opportunity Cost
The significance of the most valuable opportunity sacrificed because of a decision made.
Average Total Cost
The cost of producing each unit, calculated by dividing the overall production expenses by the number of products made.
Marginal Cost
The added cost resulting from the manufacture of one more unit of a product or service.
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