AP Economics October 21, 2014 1.Finish Unit II Exam Review 2.Begin Unit 3: Theory of the Firm 3.Lesson 3-1: Introduction to Market Structures w/Video 4.Return.
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1 Short Run Short run: The quantity of at least one input, (ie: factory size) is fixed and the quantities of the other inputs, (ie: Labour) can be varied.
Ch5 Economics