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Why are people generally unable to distinguish color in their extreme peripheral vision?
Short Run
Short Run is a time period in economics during which at least one input is fixed while others are variable.
Fixed Input
A factor of production that cannot be easily increased or decreased in the short term, such as land or machinery.
Short Run
A period in which at least one input in the production process is fixed, limiting the ability of the firm to adjust production levels.
Variable Costs
Outlays that shift in tandem with the quantity of goods produced.
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