Examlex
As defined in the text, the long run is a planning period:
Economic Infrastructure
The basic physical and organizational structures needed for the operation of a society or economy, like transportation, communication, and utilities.
Occupational Health
The field of healthcare and welfare that focuses on the physical and mental well-being of employees in the workplace.
Public Ownership
The state of being owned by the government or community as a whole, rather than by private individuals or corporations.
Economic System
The structured and organized way a society decides to produce, distribute, and consume goods and services.
Q56: If firms are making positive economic profits
Q64: When marginal cost is above average variable
Q66: (Figure: Total Cost for Tomato Producers) Look
Q95: (Figure: The Total Product) Look at the
Q102: (Figure: Revenues, Costs, and Profits for Tomato
Q178: (Figure: Perfectly Competitive Firm) Look at the
Q205: (Table: Production Function for Soybeans) Look at
Q300: (Table: Cost Data) Look at the table
Q324: Economic profits in a perfectly competitive industry
Q333: (Table: Consumer Equilibrium) Look at the table