Examlex
The correct sequence for aerobic metabolic breakdown of glucose is
Long Run
A period of time in which all factors of production and costs can be fully adjusted, and there are no fixed factors of production.
Short Run
A period in which at least one factor of production is fixed, and only the variable factors can be adjusted by firms to influence output.
Innovation
The process of developing new ideas, products, or methods that improve upon existing standards or create novel solutions.
Invention
The creation of a new product, process, or idea that previously did not exist.
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