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The long run is defined as the time period in which all inputs can be varied to adjust production levels. It allows a firm to make changes to fixed factors such as capital. In the long run, a firm can enter or exit an industry based on profitability.

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1y ago

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Which energy resource is cheaper in the long run and in the short run?

In the long run, renewable energy sources such as solar and wind energy tend to be cheaper due to the falling costs of technology and maintenance. In the short run, fossil fuels like coal and natural gas may appear cheaper initially but can become more expensive due to price fluctuations and environmental costs.


Do the oceans have boundaries or do they run into each other?

The oceans are divided into distinct regions called basins, each with its own boundaries defined by the continents. The oceans do not run into each other but are separated by these boundaries, such as the Atlantic Ocean being separated from the Pacific Ocean by the Americas.


How many are states are partially defined by longitude and latitude?

There are 50 states in the United States, and each state is partially defined by its specific longitude and latitude coordinates. Longitude lines run north-south and measure the distance east or west of the Prime Meridian, while latitude lines run east-west and measure the distance north or south of the Equator. These coordinates help establish the precise location and boundaries of each state.


What dangers of flying to Jupiter?

It's a LONG, long way. You could have solar storms, or run into meteors in the asteroid belt, or run out of oxygen, or your hydroponic garden could die and you'd starve. Or suffocate.


How long will a 230volt fan motor run on 115 volts?

No long. It will burn up and hopefully trip the breaker. This would be dangerous. <<>> The fan will operate at half speed. It may run a bit hotter but no damage will be done.

Related Questions

What is the timeperiod of pendulum which ticks seconds?

The period is 1 second.


What was the timeperiod of christopher Columbus?

Christopher Columbus lived from 1451 - 1506.


How the long run is defined in production theory?

In production theory, the long run is defined as a period during which all inputs can be varied, allowing firms to adjust all factors of production to achieve optimal efficiency. Unlike the short run, where at least one input is fixed, the long run provides firms the flexibility to change their scale of operation, invest in new technology, or enter and exit markets. This enables firms to reach their optimal production level and minimize costs over time.


What timeperiod was Microsoft invented?

Look up in internet. It will give you load of information. Hope this helps.


Would the slope change if you count the run before the rise?

The slope is defined as (rise) divided by (run). It doesn't matter which oneyou measure first, as long as you divide them in the right order.


How do you use in the long run in the sentence?

My faith will see me through in the long run. Marathon runners excel in the long run. His sprints are spectacular, but he'll lose out in the long run.


How big is the kohala exclusive soprano ukulele?

The soprano ukulele is defined by the length of the strings. From Bridge to Nut, the length will be about 13 inches. The entire instrument is going to run about 22 inches long.


What is the run of a vertical line?

There isn't any and that is why the slope of a vertical line is not defined.


Did the megalodon take down the Titanic?

The megalodon went extinct (the exact timeperiod is still in discussion today), but it was far enough back that it did not cause the sinking of the Titanic.


Is monetary policy neutral in both the short run and the long run?

Monetary policy is not neutral in the short-run but neutral in the long-run. Besides, fiscal policy is not neutral in both short-run and long-run.


How long did your fair lady run?

how long did my fair lady run


Why are firms willing to accept economic losses in the short run but not the long run?

There are sunk cost in the short run but not in long run.