Answer to Question 1
In economics, the short run refers to the period of time during which at least one of a firm's inputs is fixed. The long run refers to the period of time in which a firm can vary all its inputs, adopt new technology, and increase or decrease the size of its physical plant.
Answer to Question 2
All cattle ranchers are selling identical goods, but fast food restaurants do not sell identical goods. If a cattle rancher raises his price above the market price, he will lose all of his buyers. A McDonald's restaurant can raise its price without losing all of its buyers because it is selling a product that is not identical to the products sold by other restaurants.
The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
A pleasant smile can go a long way, even through telephone lines.
Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ...
Economics question
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde