ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The short nm can bẻ defined as any period of time:
Léss thần one year
(bylnwhichstome imputs are fxed
CAIn which all inputs are(variable
d.'In which price is fixed
FC
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Transcribed Image Text:The short nm can bẻ defined as any period of time: Léss thần one year (bylnwhichstome imputs are fxed CAIn which all inputs are(variable d.'In which price is fixed FC
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Short-run generally shows the idea that an economy will behave differently depending on the length of the time period in which it has to react to certain stimuli.

Broadly, there are two types of inputs in production, fixed inputs, and variable inputs.
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