Examlex
Are you addicted to Facebook? In your experience,what are some of the benefits and costs of belonging to online social networks? Be specific in providing examples to support your answer.
Short Run
A period in which at least one input is fixed, limiting the capacity for a firm or economy to adjust to changes in demand or supply.
Produce
To create, manufacture, or grow goods and commodities, especially in the context of agriculture and manufacturing.
Variable Costs
Costs that change in proportion to the level of production or business activity.
Fixed Costs
Costs that do not vary with the level of production or output and are incurred even if the business is producing nothing.
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