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    fixed costs

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    In the short run, shouldn't one produce as long as fixed costs are being covered? I'm confused on this. WHich costs should you be concerned with for the short run? fixed, total, average variable, overhead, average fixed? there are so many.

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    In the short run, there is at least one factor fixed, like machinery, establishment, capital etc. that cannot be varied. Clearly, in the short run, ...

    Solution Summary

    This job stresses fixed costs.