The long run is best defined as a time period

Posted By Admin @ September 03, 2022

Question:

The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be varied. during which consumer demand for goods and services change. that is longer than two years. One thing that distinguishes the short run and the long run is the number of months considered. implicit costs. the existence of marginal costs. the existence of at least one fixed input.

Answer:

Answer:

The long run is best defined as a time period

  • during which all inputs can be varied.

One thing that distinguishes the short run and the long run is

  • the existence of at least one fixed input.

Explanation:

On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)

Similar Questions

  1. The long-run market supply curve in a competitive market will
  2. When an economy operates at its long-run potential output level
  3. Endurance allows for peak performances over long periods of time.
  4. Endurance allows for peak performances over long periods of time
  5. What do you need before you can define long-term goals
  6. Europeans first arrived in latin america during which time period
  7. A pull factor related to immigration is best defined as
  8. Federalism is best defined as a principle of government that
  9. Match each word with the phrase that best defines it
  10. Which of the following best defines a graduated income tax
  11. Match the following overhead activities to the correct time period.
  12. Which of the following best defines the term migrant worker
  13. Which of the following best defines the term anti semitism
  14. Which statement best defines the relationship between work and energy
  15. Report the long life of a company in shorter periods
  16. Which of the following statements best defines the term population
  17. Which of the following responses best defines the term demand
  18. What is the time period of to kill a mockingbird
  19. Which of the following best defines the term transgenic organism
  20. Which is the best strategy for avoiding long term stress
  21. The long deep canyon running along the equator is called
  22. Which of the following best describes how deviance is defined
  23. A mixed market economy is best defined as an economy
  24. Which of the following statements best defines the term operon
  25. Social psychology can best be defined as the study of
  26. How have savanna plants adapted to long periods of drought
  27. Which best defines partial pressure in a mixture of gases
  28. An unusually long period during which rainfall is below average
  29. Which of the following statements best defines a work group
  30. A critical period is a period of time during which
  31. In the study of communication noise is best defined as
  32. Contemporary psychology is best defined as the scientific study of
  33. In the long run an increase in the saving rate
  34. A period is the length of time it takes for
  35. Which best defines the southern code during the slavery era
  36. When a purely competitive firm is in long run equilibrium
  37. Which phrase best describes a period on the periodic table
  38. Mutually exclusive projects are best defined as competing projects that:
  39. Which of the following best defines a change analysis survey
  40. What defines a long term investment check all that apply
  41. Which of the following choices best defines recombinant dna technology
  42. Which of the following best defines a naturalized american citizen
  43. A sensitive period in development can best be described as:
  44. Why do most comets appear in regular predictable time periods
  45. Which natural phenomenon is the best example of periodic behavior
  46. A sensitive period in development can best be described as
  47. Osteons run perpendicular to the diaphysis of a long bone.
  48. Which of the following best defines the term business cycle
  49. Which of the following best avoids a long lead in
  50. When is the best time to create a research plan
  51. The best time to schedule an individual campus visit is
  52. Is the bible the best selling book of all time
  53. A company's corporate culture is best defined and identified by
  54. Setting includes the time period place and of a story
  55. Which muscle fibers are best suited for running a marathon
  56. Which technique is best to help you manage time better
  57. Which of the following best describes the operational period briefing
  58. Which statement best indicates smart steps for the first-time investor
  59. Galileo was an italian scientist who helped to develop the
  60. Consumers would most likely treat personal computers as ____ products.
  61. Briefly describe the plot of the film la historia oficial
  62. Kennedy indicates that the ability to monitor weapons should be
  63. What is the greatest common factor of 12 and 54
  64. What was true about african-americans who stood up against segregation
  65. What could lead to the development of a musculoskeletal disorder
  66. To create a state budget what needs to happen first
  67. Which of the following is not an overture by beethoven:
  68. The sins of the fathers are visited upon the sons
  69. Select the correct answer. graph the following system of inequalities.
  70. A gardener installed 42.6 meters of fencing in a week
  71. Evaluate the function at the given value of x calculator
  72. Developed nations are facing aging populations unemployment and economic growth
  73. A trough is 10 ft long and its ends have
  74. What is the difference between facilitated diffusion and active transport
  75. How would you say i bought a necklace in spanish

What molecule connects the sugars in a strand of dna

Answer: One strand of DNA binds to another via base complementarity. Explanation:The two strands of the DNA double helix are connected through nucleotides. There are …

What was the most important consequence of the printing press

Well, i wouldnt say its a consequence. the printing press was able to get the word around faster to explorers and people who wanted to …

Which statement best describes the military strategy of total war

Answer:The answer is C, all military and civilian resources are attacked.

Proteins are processed and modified in the interior of the

Proteins are processed and modified in the interior of the rough Endoplasmic reticulum.Explanation:The network of membrane-enclosed tubules and sacs with an interconnecting network that is …

How did the english come in possession of new york

D. They threatened the Dutch governor, who had to surrender

What is the first step in the critical thinking process

C is the answer bc I have to break the process which is evaluate it

A basketball player jumped straight up to grab a rebound

-- She went up for 0.4 sec and down for 0.4 sec.-- The vertical distance traveled in gravity during ' t ' seconds is D …

Where was the first permanent british settlement in north america

The turning point was the establishment of Jamestown, now in Virginia. This means that Europeans for the first time settled in the US, with the …

This cartoon depicts president woodrow wilson calling on congress to-

Answer: b. issue a declaration of war against Germany Explanation:As was the case in WW2, the United States was trying to avoid entering WW1. This …

An advertisement claims that studies of a new sports drink

You would tell the customer that buying a product that is not peer-reviewed is not good for health. So wait for the peer review of …

Give two similarities and two differences between gymnosperms and angiosperms

Angiosperms are the plants that have enclosed seed while gymnosperms do not.Angiosperm:The seeds in an angiosperm are enclosed in an ovary while lifestyle is seasonal …

A ball is pushed with an initial velocity of 4.0

The ball's velocity will be "16.8 m/s".Acceleration and Velocity:According to the question,Initial velocity = 4.0 m/sAcceleration = 1.6 m/s²Time = 8.0 secondsThe increment in velocity …

What is the time difference between pacific and eastern time

It is 11 a.m. in the Eastern Time Zone; therefore, it is 8 a.m. in the Pacific Time Zone. The Pacific Time zone is exactly …

Woodcut engraving allows for much finer detail than metal engraving

Answer: FExplanation: I just took the test and T was wrong

The u.s. equal employment opportunity commission is responsible for ________.

Answer;The action that would most likely cause the Equal employment opportunity commission to intervene; - A company posts an ad looking to hire a male …