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Investments glossary

Long-Run Average Total Cost (LRATC)

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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

Long-run average total cost (LRATC) is a business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable and the scale of production is changeable. The long-run average cost curve shows the lowest total cost to produce a given level of output in the long run.



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