When we talk about "the long run", we usually are referring to the time
             period where all factors of production change or are affected. In the long
             run, "all costs are variable because in the long run you have a choice
             whether or not to renew your commitment to these unavoidable costs"
             In "the short run" labor is the variable factor, while capital is the
             fixed factor of production. The number and amount of equipment in a firm
             under a short run is fixed, while in a long run, these are more variable as
             industries can come and go over the period of time. The productive lifespan
             of a given asset, venture or activity is referred to as its economic long
             run. It may also mean the time required for a given asset to pay back its
             investment, or the time required for a given portion of payback (Energy,
             Capital is the fixed factor in the short run because a short run
             usually has one fixed factor and Capital is the easiest of factors to be
             fixed. In a short run, a company or firm decides on their production, this
             is to say, how much they are going to produce from their current
             facilities. In turn, they must decide on their budget and costs which
             depends on their capital. If they have a limited amount of capital, this
             A small strawberry farm is affected by seasons, thus having a short
             run in production. Their Capital is fixed because their production is
             reliant on the profits from the previous year and how much they can put
             back into growing strawberries. Their labor is variable because they rely
             on volunteers, themselves and seasonal low-pay help (students, migrant
             workers) to provide the labor. They have a short run of production because
             of the season that strawberries are ready to be picked and sold.
             A company that is an example of having a long run would be a company
             like Intel that provides computer motherboards. Not only is their prod
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