In production, the difference between the long run and short run is some inputs are fixed in the short run but all are variable in the long run the short run refers to a week and the long run refers to a month some inputs are fixed in the short run but all are fixed in the long run some inputs are variable in the short run but all are fixed in the long run

In production, the difference between the long run and short run is some inputs are fixed in the short run but all are variable in the long run the short run refers to a week and the long run refers to a month some inputs are fixed in the short run but all are fixed in the long run some inputs are variable in the short run but all are fixed in the long run

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 4ST

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