國(guó)外廠商理論講稿(1)-文庫(kù)吧
2025-02-02 00:40 本頁面
【正文】 vel – they will be limited by the amount of space. In this example, land is the fixed factor which cannot be altered in the short run. Analysis of Production Function: Short Run If demand slows down, the firm can reduce its variable factors – in this example it reduces its labour and capital but again, land is the factor which stays fixed. Analysis of Production Function: Short Run If demand slows down, the firm can reduce its variable factors – in this example, it reduces its labour and capital but again, land is the factor which stays fixed. Analysing the Production Function: Long Run ? The long run is defined as the period of time taken to vary all factors of production. – By doing this, the firm is able to increase its total capacity – not just short term capacity – Associated with a change in the scale of production – The period of time varies according to the firm and the industry. – In electricity supply, the time taken to build new capacity could be many years。 for a market stall holder, the ‘long run’ could be as little as a few weeks or months! Analysis of Production Function: Long Run In the long run, the firm can change all its factors of production thus increasing its total capacit
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