![Difference Between Short Run and Long Run Production Function (with Comparison Chart) - Key Differences Difference Between Short Run and Long Run Production Function (with Comparison Chart) - Key Differences](https://keydifferences.com/wp-content/uploads/2017/07/short-run-vs-long-run-production-function-featured-image.jpg)
Difference Between Short Run and Long Run Production Function (with Comparison Chart) - Key Differences
![Refer to the short-run production and cost data. In Figure A curve (1) is: A) total product and curve (2) is average product B) total product and curve (2) is marginal product Refer to the short-run production and cost data. In Figure A curve (1) is: A) total product and curve (2) is average product B) total product and curve (2) is marginal product](https://homework.study.com/cimages/multimages/16/cms144420448261902896747.png)
Refer to the short-run production and cost data. In Figure A curve (1) is: A) total product and curve (2) is average product B) total product and curve (2) is marginal product
1: The Short-Run Production Function Source: Author's own construction | Download Scientific Diagram
![A firm's short-run production function is given by Q = 1/2.L^2 for 0 \le L \le 2 and Q = 3L - 1/4.L^2 for 2 \le L \le 7 a) Sketch the A firm's short-run production function is given by Q = 1/2.L^2 for 0 \le L \le 2 and Q = 3L - 1/4.L^2 for 2 \le L \le 7 a) Sketch the](https://homework.study.com/cimages/multimages/16/nishant1121131074191914713463.jpg)
A firm's short-run production function is given by Q = 1/2.L^2 for 0 \le L \le 2 and Q = 3L - 1/4.L^2 for 2 \le L \le 7 a) Sketch the
![basic background of firm´s analysis short run production function firm´s production in long run, firm´s equlibrium firm´s equilibrium upon different. - ppt download basic background of firm´s analysis short run production function firm´s production in long run, firm´s equlibrium firm´s equilibrium upon different. - ppt download](https://images.slideplayer.com/25/7833280/slides/slide_5.jpg)