Short Run vs. Long Run Production

Watch this video, which explains the difference between the short run and the long run. Consider how long it takes firms to change their factors of production.

 

Source: Mary J. McGlasson, https://www.youtube.com/watch?v=sPQ4bvTJNTA
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Last modified: Thursday, August 1, 2024, 1:24 PM