Question

differentiate between short run and long run
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Answer 1

Answer:

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Explanation:

Long Run. "The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. ... The long run is a period of time in which the quantities of all inputs can be varied.

Answer 2

Answer:

• The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied.

• The long run is a period of time in which the quantities of all inputs can be varied.

Explanation:

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