Examlex
Write the word or phrase that best completes each statement or answers the question.
Establish the identity.
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Variable Input
An input whose quantity the firm can vary at any time (for example, labor).
Long-Run Equilibrium
A state where all factors of production are variable, leading to the optimal distribution of resources in the market.
Demand Curve
A chart that illustrates the link between a product's cost and the amount of the product consumers want to buy at those prices.
Cherry Industry
A sector of agriculture that focuses on the cultivation, harvest, and distribution of cherries.
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