the short-run means that the firm uses more output in the short run.
In a nutshell, the idea is that if the firm produces more output in the short run, the firm will be in a better position to produce other outputs in the longer run. We all know that a firm is better at making money if it is employing more people or if it’s employing more capital.
So, the general idea that a firm should employ more of the output it produces, means that it should employ more people or more capital. But there’s a more specific way to write this out. More output in the short run is usually associated with more output in the long run.
What is the long run? It is the period in which the firm is employing more capital or more people than it is employing in the short run. The longer the period, the more capital or more people are employed, the higher the output. So, a firm that hires more people in the short run will be able to produce more output in the longer run. However, a firm that hires more capital in the short run can employ more people and thus produce more output in the longer run.
This is the most important point to keep in mind when you’re thinking about the difference between short-run and long-run output. In order to produce more output in the long run, you need to employ more capital. But in order to hire more capital in the long run, you need to hire more people. There’s no “wrong” answer. What matters is which path to take.
So the question is which path to take. Capital can be employed in different ways. As a firm, if you want to produce in the long run, you hire more capital; if you want to produce more output in the short run, you employ more labor.
The term capital goes back to the French word capital. Capital is a term that literally means “the value of money”.Capital is used to describe the amount of money that is made, and that money’s value. Capital is a way of life. The term capital is a way of life. Capital is the amount of time that the company takes up and consumes. Capital is the amount of money the company takes over and buys and sells.
