SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Short Run and Long Run Production-Introduction - Economics
Short Run and Long Run Production-Introduction - Economics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Short Run and Long Run Production-Introduction - Economics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is the difference between short run and long run production? |  |
Ans. Short run production refers to a period of time where at least one input is fixed and cannot be changed, while long run production refers to a period of time where all inputs can be varied.
| 2. How does the concept of time affect production decisions? | |
Ans. The concept of time affects production decisions as it determines which inputs can be varied. In the short run, only some inputs can be adjusted, while in the long run, all inputs can be changed.
| 3. What are some examples of fixed inputs in the short run? | |
Ans. Examples of fixed inputs in the short run include capital equipment, such as machinery or buildings, that cannot be easily changed or adjusted.
| 4. Can a firm change its production capacity in the short run? | |
Ans. In the short run, a firm cannot change its production capacity as it is limited by the fixed inputs. However, it can make adjustments to its production processes within the given capacity.
| 5. How does the law of diminishing returns apply to short run and long run production? | |
Ans. The law of diminishing returns states that as more units of a variable input are added to a fixed input, the marginal product of the variable input will eventually decrease. This law applies to both short run and long run production, but its impact may be more significant in the short run where some inputs are fixed.
About this Video
|
1.9K Views |
|
4.78/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Short Run and Long Run Production-Introduction - Economics for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Short Run and Long Run Production-Introduction - Economics have been prepared according to the SSC CGL exam syllabus.
Information about Short Run and Long Run Production-Introduction - Economics covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Short Run and Long Run Production-Introduction - Economics.
Introduction of Short Run and Long Run Production-Introduction - Economics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Short Run and Long Run Production-Introduction - Economics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Short Run and Long Run Production-Introduction - Economics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Short Run and Long Run Production-Introduction - Economics
Here you can find the meaning of Short Run and Long Run Production-Introduction - Economics defined & explained in the simplest way possible.
Besides explaining types of Short Run and Long Run Production-Introduction - Economics theory, EduRev gives you an ample number of questions to practice Short Run and Long Run Production-Introduction - Economics tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,Summary
,study material
,ppt
,shortcuts and tricks
,Semester Notes
,Previous Year
,mock tests for examination
,past year papers
,Online Tests
,Short Run and Long Run Production-Introduction - Economics Video Lecture | SSC CGL Tier 2 - Study Material
,Extra Questions
,Objective type Questions
,Free
,Sample Paper
,Exam
,Viva Questions
,Important questions
,Previous Year Questions with Solutions
,Online Tests
,Previous Year
,Previous Year
,Online Tests
,Short Run and Long Run Production-Introduction - Economics Video Lecture | SSC CGL Tier 2 - Study Material
,MCQs
,practice quizzes
,Short Run and Long Run Production-Introduction - Economics Video Lecture | SSC CGL Tier 2 - Study Material
;
Study Short Run and Long Run Production-Introduction - Economics on the App
Students of SSC CGL can study Short Run and Long Run Production-Introduction - Economics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Short Run and Long Run Production-Introduction - Economics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Short Run and Long Run Production-Introduction - Economics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup