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Air moves in response to pressure differences. Because air pressure decreases rapidly with increasing height above the surface, there is always a strong pressure gradient force directed upward, much stronger than in the horizontal. Why, then, doesn't the air rush off into space?
Factor Inputs
The resources used in the production of goods and services, such as labor, land, and capital.
Long Run
A period in economics where all factors of production and costs are variable, allowing all inputs to be adjusted.
Short Run
A period in which at least one factor of production is fixed, limiting the ability of a business to expand its output.
Isoquants
A curve representing all combinations of inputs that give the same level of output.
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