Distinguish the Short Run Form the Long Run

question 155

Essay

Distinguish the short run form the long run. Generally, what causes costs of production to vary with output in the short run? What generally causes costs of production to vary in the long run?

---

Definitions:

Pathogens

Microorganisms that cause disease in hosts by breaching their immune defense mechanisms.

Biohazard Symbol

A universally recognized symbol used to signal the presence of biological substances that pose a threat to health and safety.

Biological Specimens

Samples of biological material, such as blood, tissues, or cells, used for diagnostic, research, or teaching purposes.

Pathogens

Microorganisms that cause disease in hosts, including bacteria, viruses, fungi, and parasites.