Nisha sharma Asked a Question
September 15, 2021 5:24 pmpts 30 pts
as we know that long run cost is the summation of different short run cost. then how long run cost is less thhan or equal to short run cost please xplain
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  • Priya sarda thankyou
    The main difference between long run and short run costs is that there are no fixed factors in the long run; there are both fixed and variable factors in the short run. In the long...
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  • Rucha rajesh shingvekar
    In long run, firm has sufficient time to plan its input to produce output in the least cost-ly way. Long run costs have no fixed factors of production whereas in short run, due to ...
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