question archive The short run is defined as the time frame: in which there are no fixed factors of production
The short run is defined as the time frame: in which there are no fixed factors of production
Subject:EconomicsPrice:2.87 Bought7
The short run is defined as the time frame:
in which there are no fixed factors of production.
in which there are fixed factors of production.
less than one year.
less than three years.
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Answer:
in which there are fixed factors of production.
We assume that in the short run we can not increase or decrease the amount of certain factors which are thus kept fixed. So the time period in which such factors are kept fixed is termed as short run
