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What is the different between short run long run?

short run is a period which is not enough to change or alter the quantities of all of the factors of production. therefore, some factors of production are fixed in this period because you do not have enough time to change the quantities of them. so, in this period i.e., short run, some factors are fixed and others are variables. however, in long run, you have all the factors of production as variables as you have enough time to change them or replace them. for ex:- if you have two factors of production, labor and machinery. it might be difficult for you to replace machinery in short run. however, difficulty might not arise in the case of labor. so in short run you would say that labor is variable and machinery is fixed. but in long run, both of your factors are variable because you have enough time to alter their quantities. usually, in economics, we call a period of 1 year or less as short run. and a period of more than 1 year as long run. but this might not be suitable i every case. this time may vary from situation to situation.


How many pounds of cotton do you get to the acre?

It can vary a lot by year, location, weather, and many other factors, but the US average over the last couple of years was about 800 pounds per acre.


Why do profits vary among firms?

s vary among firms? support each theory with practical five examples


What is the normally range for a bank mortgage interest rate?

The average bank mortgage interest rate is around 3.05 percent. Keep in mind that this may vary based on other factors such as your credit score and the amount of the mortgage.


How much does it cost to produce a retail catalog?

The cost to produce a retail catalog can vary widely based on factors such as design complexity, page count, quality of materials, and printing method. On average, producing a catalog can range from a few thousand to tens of thousands of dollars. Expenses include graphic design, photography, printing, and distribution. Additionally, if the catalog is printed in large quantities, the per-unit cost may decrease.

Related Questions

Which graph shows quantities and how they vary by other factors?

A bar graph.


A sentence with proportional?

Two quantities are said to be proportional if they vary in such a way that one of the quantities is a constant multiple of the other, or equivalently if they have a constant ratio.


What proportions mean?

Two quantities are proportional if they vary in such a way that one of them is a constant multiple of the other.


How do you know when quantities vary proportionally?

They vary proportionally if (and only if) the graph of one variable against the other is a straight line through the origin.


What is a proportional ratio?

In mathematics, two quantities are proportional if they vary in such a way that one of them is a constant multiple of the other.


Is there a book that shows all the fruits and how long it takes to rot?

No. There are many factors that are involved when something rots so the time can vary depending on conditions.


Are rdas different for men and women?

Yes. They also vary by age and other factors.


Does sweet and sassy do feathers?

Yes, Sweet & Sassy does carry feathers, as well as other fun things for hair.Colour pricing and quantities will vary by location.


Are all numbers the same?

No, numbers can be different from each other based on their value. Numbers are used to represent quantities and can vary in their magnitude and characteristics. For example, 5 is different from 10 because they represent different quantities.


Does sweet and sassy salon do feathers?

Yes, Sweet & Sassy does carry feathers, as well as other fun things for hair.Colour pricing and quantities will vary by location.


At what age do macadamia trees begin to produce commercial quantities of nuts?

Macadamia trees usually start producing commercial quantities of nuts between 7 to 10 years of age. However, the exact timing can vary depending on factors such as the growing conditions and specific cultivar of the tree.


What Is present in small quantities to determine origin?

Isotopic ratios of elements such as oxygen, hydrogen, and carbon are present in small quantities and can be used to determine the origin of materials such as food or drugs. These ratios vary depending on factors such as geographical location, climate, and production processes, allowing scientists to track the origin of a substance.