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Residents in Berryhill received an e-mail stating that there is an armed robber on the loose.The e-mail claimed to be from the Berryhill police department,but it wasn't.Computer forensic experts later determined that the e-mail was sent from a computer lab in the Berryhill's public library.The police were then able to uniquely identify the computer that was used by means of its network interface card's ________ address.Security cameras later help the police to reveal the identity of the individual responsible for the hoax.
Long-Run
Pertains to a period in which all factors of production and costs are variable, allowing companies to adjust all inputs.
AVC
Average Variable Cost, the total variable cost divided by the number of units produced, reflecting costs that change with output.
Short-Run
A period during which at least one of a firm's inputs is fixed, limiting its ability to adjust to demand changes.
AVC
Average Variable Cost, which is the total variable costs of production divided by the quantity of output.
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