Chapter 11 Behind the Supply Curve: Inputs and Costs Flashcards
1
Q
long run
A
time period in which all inputs can be varied
2
Q
short run
A
time period in which at least one variable is fixed
Econ 101 > Chapter 11 Behind the Supply Curve: Inputs and Costs > Flashcards
long run
time period in which all inputs can be varied
short run
time period in which at least one variable is fixed