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  3. Study Set
    Economics for Managers
  4. Exam
    Exam 5: Production and Cost Analysis in the Short Run
  5. Question
    Explain the Difference Between the Short Run and the Long
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Explain the Difference Between the Short Run and the Long

Question 33

Question 33

Essay

Explain the difference between the short run and the long run as it relates to the firm's production function.Why is this distinction important to a firm's manager?

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In the short run,the amount of at least ...

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