Examlex
Glaciers flow by _____ when the weight of the overlying ice, firn, and snow causes ice crystals at depth to arrange themselves in parallel layers that glide over each other, much like the spreading of a deck of cards.
Long-run Cost Function
A representation of the relationship between output and the cost of production when all inputs, including capital, can be varied.
Short-run Cost Function
The costs a company incurs in the production of goods or services within a short period, considering some inputs are fixed.
Long-run Cost Curve
A graphical representation showing the minimum cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
Hair Dryers
Electrical devices used to blow dry hair by emitting warm air.
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