Economy, asked by c2000497bakordor, 27 days ago

Distinguished between short run cost and long run cost​

Answers

Answered by fatimamibeen
0

Answer:

this your answer

Explanation:

Differences. The main difference between long run and short run costs is that there are no fixed factors in the long run; there are both fixed and variable factors in the short run. ... In the short run these variables do not always adjust due to the condensed time period.

Answered by mansijoshi2007
0

Answer:

Differences. The main difference between long run and short run costs is that there are no fixed factors in the long run; there are both fixed and variable factors in the short run. In the long run the general price level, contractual wages, and expectations adjust fully to the state of the economy.

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