Long run definition

Long run means Long Run Exploration Ltd.
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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.
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Long run means that future investment costs should be included;
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Examples of Long run in a sentence

  • UNIT-V: COST AND REVENUEANALYSIS:Theory of Cost - Concepts of Cost - Short run and Long run cost curves - Traditional and Modern Approaches -Revenue Curves–relationship between total marginal and average revenues- --Break Even Analysis—Meaning – Assumptions – Uses and Limitations.

  • Cost: Measuring Costs, Costs in the Short & long run, Long run vs.

  • 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.

  • Long run and sustained reduction in the demand for guns, however, will hinge on progress in combating drugs.

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


More Definitions of Long run

Long run means Long Run Exploration Ltd., a Canadian private company engaged in the development, acquisition, exploration and production of oil and natural gas in western Canada.
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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.
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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.
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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).
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Long run means that teacher productivity is NOT fixed as class size changes. Standard errors are in parenthesis below.
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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).
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Long run means at least the length of time in the planning horizon in PAWA Generation’s capital budgeting cycle; and
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