Examlex
Receptors in the CNS that detect changes in arterial PCO2 are actually sensitive to the H+ concentration of the brain extracellular fluid.
Long Run
A period of time in economics during which all inputs and factors of production can be adjusted, allowing for full industry adjustment to changes.
Production
The process of combining inputs to make goods or services.
LAC Curves
The Long-Run Average Cost curves, which show the minimum average cost of production at different levels of output.
LMC Curves
Abbreviation for Long-Run Marginal Cost curves, which represent the cost to produce one additional unit of goods when all inputs can be varied.
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