Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
Prochain SlideShare
Economics - Long run & short run Production
Suivant
Télécharger pour lire hors ligne et voir en mode plein écran

20

Partager

Télécharger pour lire hors ligne

Difference between short run and long run

Télécharger pour lire hors ligne

short run and long run
Short Run 1: a period of time that is not long enough to allow change to certain economic conditions that a decision maker may face.

Long Run 1: a period of time long enough for all important information and choices to be available to a decision maker

Livres associés

Gratuit avec un essai de 30 jours de Scribd

Tout voir

Difference between short run and long run

  1. 1. DIFFERENCE BETWEEN SHORT RUN AND LONG RUN Presented By: Muhammad Riaz Semester : BBA II Batch No.: BBA -14-07
  2. 2. DEFINITION Long Run:  The time period in which all factors of production can be different Short Run:  A time period when at least one input, such as plant size, cannot be changed  Plant Size  The physical size of the factories that a firm owns and operates to produce its output.
  3. 3. DIFFERENCE Long Run:  All recourses are fixed  Long-run decisions are not easily reversed. Short Run:  Other resources used by the firm (such as labor, raw materials, and energy) can be changed in the short run.  Short-run decisions are easily reversed.
  4. 4. SHORT RUN DEMAND VS. LONG RUN DEMAND  Short run demand is the demand with its immediate reaction to price changes, income fluctuations and so on.  Long run demand is that demand which will ultimately exist as a result of the changes in pricing, promotion or product improvement, after enough time is allowed to let the market adjust itself to the given solution.
  5. 5. LONG RUN AND SHORT RUN COST  Long run costs have no fixed factors of production  Short run costs have fixed factors and variables that impact production.  Variable cost A cost that changes with the change in volume of activity of an organization.  Examples variable costs include raw materials, packaging, and labor. Which are directly involved with company's manufacturing process.  Fixed cost Business expenses that are not dependent on the level of goods or services produced by the business.  Examples Fixed costs often include land, capital, entrepreneur, etc.
  6. 6. SHORT RUNVS. LONG RUN SUPPLY CURVES  Long Run response to change in price is much greater than Short Run response.  The Long Run supply curves is much flatter than the short run curve, means that the quantity of “apple” is increases by a larger amount in the long run.  The Short Run supply curve is much steeper than the long run supply curve because there are diminishing returns in the short run.
  7. 7. Presented By: Muhammad Riaz Semester: BBA II Batch No.: BBA -14-07
  • madhaviRajapaksha

    Aug. 20, 2020
  • MansiMathur15

    Mar. 14, 2020
  • protikpodder

    Feb. 17, 2020
  • KhushbuJallan

    Dec. 8, 2019
  • ssuser04a297

    Dec. 7, 2019
  • SurajBhandari30

    Sep. 7, 2019
  • AnupMondal21

    Jul. 26, 2019
  • eyasamunasinghe

    Jul. 4, 2019
  • RajeshGoswami18

    Dec. 21, 2017
  • BiswamohanLucky

    Dec. 4, 2017
  • SaraswathiSriram

    Nov. 5, 2017
  • KhinSu3

    Oct. 2, 2017
  • gmkaspa

    Apr. 20, 2017
  • HafsaSajid

    Nov. 6, 2016
  • girliebarias

    Oct. 10, 2016
  • BashidAli

    Sep. 29, 2016
  • TigereMuzenda1

    Aug. 24, 2016
  • Adarshtiwari26

    Aug. 15, 2016
  • rerebelo

    Jun. 6, 2016
  • einaejlablab

    Aug. 13, 2015

short run and long run Short Run 1: a period of time that is not long enough to allow change to certain economic conditions that a decision maker may face. Long Run 1: a period of time long enough for all important information and choices to be available to a decision maker

Vues

Nombre de vues

63 855

Sur Slideshare

0

À partir des intégrations

0

Nombre d'intégrations

43

Actions

Téléchargements

387

Partages

0

Commentaires

0

Mentions J'aime

20

×