Examlex
When a college student receives e-mail messages that are a "sales pitch" for a product that she is not interested in purchasing, this is an example of:
Short Run
A period in which at least one input is fixed while others may be varied to adjust output levels.
Long Run
The long run is a period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs.
TVC
Total Variable Cost, which refers to the total of all costs that vary with the level of output in the production of goods or services.
Short Run
In economics, a period in which at least one factor of production is fixed and cannot be changed.
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