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obligation, in relation to the quantity of production for the relevant period. In other words, there is a recurring cost, but the value of this cost is not permanently fixed. For example, a company may have unexpected and unpredictable expenses unrelated to production, such as warehouse costs and the like that are fixed only over the time period of the lease. By definition, there are no fixed costs in the long run, because the long run is a sufficient period of time for all short-run fixed inputs to become variable. Investments in facilities,

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