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What is an example of short run?An example of a short run can be a company, ABC, which is able to produce 10 cars in a day and looks to produce more cars (15 cars per day) by using the available infrastructure due to increasing demand during the season.
Which of the following is a short run law?The Law of Variable Proportion explains the short-run production function.
What is considered short run?The short run is a concept that states that, within a certain period in the future, at least one input is fixed while others are variable. In economics, it expresses the idea that an economy behaves differently depending on the length of time it has to react to certain stimuli.
Which of the following is long run adjustment?Answer and Explanation: The correct option is : c. A soybean farmer turns on the irrigation system after a month-long dry spell.
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