Examlex
Why does our knowledge of ancient Andean societies come mainly from archeological evidence?
Short Run
A period of time in economics during which at least one input, usually capital, is fixed and cannot be changed.
Efficient Output
The level of production at which a company or economy can produce the maximum amount of goods and services with the least waste of resources.
Profitable Output
The level of production at which a business or economic activity generates revenue that exceeds its operational costs.
Short Run
A period in economics where at least one input is fixed, limiting the ability to adjust production levels rapidly.
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