Examlex
An object is attached to a hanging unstretched ideal and massless spring and slowly lowered to its equilibrium position,a distance of 6.4 cm below the starting point.If instead of having been lowered slowly the object was dropped from rest,how far then would it then stretch the spring at maximum elongation?
Long Run
A period in economic analysis where all factors of production and costs are variable, allowing for full adjustment to changes in the market or economy.
Short Run
A period in economic theory during which at least one factor of production is fixed, limiting the capacity to adjust to changes in market demand.
Elastic
Describes a situation where the quantity demanded or supplied of a good is sensitive to changes in price.
Short Run
A period in economics during which the quantity of at least one input (such as plant size) is fixed and cannot be changed.
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