question archive 1) What is meant by production, inputs, fixed inputs, variable inputs, short run, and long run? 2
Subject:EconomicsPrice: Bought3
1) What is meant by production, inputs, fixed inputs, variable inputs, short run, and long run?
2. How long is the time period of the long run?
3. What is a production function?
4. What is its usefulness in the analysis of the firm's production?