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Afina-wow [57]
3 years ago
5

Differentiate between the short run and Long run?​

Business
1 answer:
kramer3 years ago
3 0

Answer:

Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.

The long run is a time period in which all the inputs can be verified in quantities.

Explanation:

  • Both the fixed and variable costs occur in the short term.
  • There are no fixed costs in the long term.
  • The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.
  • The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.

  • Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.
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3 years ago
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givi [52]

Answer:

The correct answer is: 1. Functional.

Explanation:

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7 0
3 years ago
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aleksklad [387]
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7 0
2 years ago
Baker's Supply imposes a payback cutoff of 3.5 years for its international investment projects. If the company has the following
sweet-ann [11.9K]

Answer:

Both projects fall within the acceptable payback period, so, both projects can be accepted.

Explanation:

Cash payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

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I hope my answer helps you

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3 years ago
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