define the concept of short run production??
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Heya.....
--->> Short run production refers to the production with the changing variable factors with some fixed also...
--->> In this scale of output doesn't change....
--->>> It has a variable ratio between fixed and variable factors...
--->>> In this output can be increased only by change in variable factor only....
** Be Brainly.....
--->> Short run production refers to the production with the changing variable factors with some fixed also...
--->> In this scale of output doesn't change....
--->>> It has a variable ratio between fixed and variable factors...
--->>> In this output can be increased only by change in variable factor only....
** Be Brainly.....
Answered by
2
- The short run is the concept that, within a certain period in the future, at least one input is fixed while others are variable. In economics, it expresses the idea that an economy behaves differently depending on the length of time it has to react to certain stimuli.
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