Episode 20b Short Run Vs Long Run Production

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Topic Decision Guide

At point B, there are 7 units of labour working (fully employed) and not 12. Many an A-level economics student has wondered about the difference between the

Reference Key Requirements

In this video I explain the idea of what happens to output and costs in the In economics, what is the difference between the short run and the long run?

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Information Practical Context

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Quick reference points

• In this video I explain the idea of what happens to output and costs in the
• Many an A-level economics student has wondered about the difference between the
• At point B, there are 7 units of labour working (fully employed) and not 12.
• In economics, what is the difference between the short run and the long run?

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