When it comes to the question on how long the short run is (in the context of production and cost), economists say that the short run is. Calculated by multiplying price and quantity measured in days or weeks context dependent and is given by the time it takes to change the quantity of an input given by the time it takes for the management of a company to make decisions

When it comes to the question on how long the short run is (in the context of production and cost), economists say that the short run is. Calculated by multiplying price and quantity measured in days or weeks context dependent and is given by the time it takes to change the quantity of an input given by the time it takes for the management of a company to make decisions

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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