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Long-run — In economic models, the long run time frame assumes no fixed factors of production. Firms can enter or leave the marketplace, and the cost (and availability) of land, labor, raw materials, and capital goods can be assumed to vary. In contrast, in … Wikipedia
Long-Run Average Total Cost - LRATC — A business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable. Long term unit costs are almost always less than short term unit costs because in a long term time frame,… … Investment dictionary
the long run — a long period of time after the beginning of something Invest for the long run [=the long term], not to see what you can earn in a few months. Your solution may cause more problems over the long run. usually used in the phrase in the long run It … Useful english dictionary
Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… … Wikipedia
Long Run Incremental Cost - LRIC — Forward looking incremental costs that can be accounted for by a company. These are the changing costs that a company can somewhat foresee. For example, oil price increases, rent increases, and expansion and maintenance costs … Investment dictionary
Cost-Volume-Profit Analysis — Cost Volume profit (CVP), in managerial economics is a form of cost accounting. It is a simplified model, useful for elementary instruction and for short run decisions. Cost volume profit (CVP) analysis expands the use of information provided by… … Wikipedia
Cost management — is the process whereby companies use cost accounting to report or control the various costs of doing business.The term cost management is widely used in business today. Unfortunately cost management has no uniform definition. Cost management… … Wikipedia
Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined … Wikipedia
run — [run] vi. ran or Dial. run, run, running [altered (with vowel prob. infl. by pp.) < ME rinnen, rennen < ON & OE: ON rinna, to flow, run, renna, to cause to run (< Gmc * rannjan); OE rinnan, iornan: both < Gmc * renwo < IE base * er … English World dictionary
run — run1 W1S1 [rʌn] v past tense ran [ræn] past participle run present participle running ▬▬▬▬▬▬▬ 1¦(move quickly using your legs)¦ 2¦(race)¦ 3¦(organize/be in charge of )¦ 4¦(do something/go somewhere quickly)¦ 5¦(buses/trains etc)¦ … Dictionary of contemporary English
run — runnable, adj. runnability, n. /run/, v., ran, run, running, n., adj. v.i. 1. to go quickly by moving the legs more rapidly than at a walk and in such a manner that for an instant in each step all or both feet are off the ground. 2. to move with… … Universalium