Nature of costs in most types of transport is that _____ costs are a relatively high proportion of total costs. Particularly true of air and rail transport.
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Card 7
Front
In air transport, a substantial fixed cost item is the annual sum that has to be paid to?
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Card 8
Front
Where aircraft are owned by the airline, this is the cost of what?
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Card 9
Front
What is average cost and the equation?
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Card 10
Front
What is marginal cost?
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Card 11
Front
What is short run?
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Card 12
Front
What is long run?
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Card 13
Front
The lowest level of output where LRAC is minimised is known as what?
