Long run definition

Long run means Long Run Exploration Ltd.

Long run means that the concept refers to a period where all factors of production can be varied, as opposed to the short run, where the amount of at least one factor of production is fixed.

Long run means Long Run Exploration Ltd., a Canadian public company engaged in the development, acquisition, exploration and production of oil and natural gas in western Canada.

Examples of Long run in a sentence

• Long run is a period, during which all inputs are variable including the one, which are fixes in the short-run.

• Long run marginal cost (LRMC) is a measure of the change in the forward looking costs as output increases when all factors of production including plant and equipment are variable.

• Reasons for external sources:• Candidates can be selected without any pre-conceived notion or reservations.• HR mix can be balanced with different background, experience and skill etc.• Latest knowledge skill, innovative or creative talent can also be flowed in to the organization.• Long run benefit to the organization in the sense that qualitative human resources can be brought.

• Theory of Production and Cost Analysis; Production Functions and its Managerial Uses; Cobb Douglous Production Function, Laws of Production and analysis: Empirical Estimates of Production and Cost; short run and Long run average cost curves and their analysis; Economies and Diseconomies of scale.

• Long run costs are those, which vary with output when all inputs are variable including plant and capital equipment.

More Definitions of Long run

Long run means that future investment costs should be included;

Long run means “after all sticky prices have had time to adjust.” Section 2 reviews the recent behavior of real government bond interest rates in advanced economies, while section 3 compares that experience with that of emerging and developing economies (with special attention to Asia). Section 4 reviews the basic determination of world real rates in terms of global saving and investment, and examines how global saving and investment patterns over the past three decades may have affected rates. Then section 5 considers shifts in relative demand for safe assets as a determinant of real government bonds rates, and presents some evidence. Section 6 brings these strands together to identify distinct phases of global real interest rate decline since the early 1990s, driven by somewhat distinctive factors. The role of neutral and natural interest rates in monetary policy is the subject of section 7, which places special emphasis on the determination of the natural rate in open economies, which can differ from what closed-economy models would predict. Finally, section 8 consider whether a substantive rise in real interest rates is in store in light of demographic, economic, political, and geopolitical trends. I conclude that a durably big rise in real interest rates is not yet on the horizon.

Long run means that costs are to be considered over a sufficient time horizon such that the way the service is delivered can be optimised.

Long run means that teacher productivity is NOT fixed as class size changes. Standard errors are in parenthesis below.

Long run. (LR) means that all factors of production (capital cost, labour and materials) are able to be varied and form part of the cost increment (or ‘incremental cost’ as described below).

Long run means that prices of goods and services, and of the factors of production that build those goods and services, adjust to supply and demand conditions so that their markets and the money market all reflect full employment.

Long run means that the time span of new investments is included in the cost consideration. It also means that all inputs are generally considered as variable. The long-run nature of costs is justified by the infrequency of regulatory price changes and, at least implicitly, by the difficulty regulators face in determining correct short-run costs, both in cases when these are to reflect short-run bottlenecks (risk of exploitation) or temporary low demand (risk of margin squeeze).