Question

Difference between short run and long run

Answer 1

LONG RUN AND SHORT RUN COST  Long run costs have no fixed factors of production  Short run costs have fixed factors and variables that impact production. ...  The Long Run supply curves is much flatter than the short run curve, means that the quantity of “apple” is increases by a larger amount in the long run.

Answer 2

Short run is for shorter period and long run is opposite of short run.

Hope this helps.