Understanding Long-Run Production Decisions in Economics Video


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Radio Shack is an example of a company doing which of the following?

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1. Long-run production is best defined as which of the following?

2. The Kikkoman company has been successful in business since the 17th Century due to which of the following?

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About This Quiz & Worksheet

This quiz/worksheet combo helps you quickly assess your understanding of examples of long-run production. You will need to define long-run production in order to pass the quiz.

Quiz & Worksheet Goals

Students can use both of these assessments to gauge their knowledge of:

  • The definition of long-run production
  • Examples of long-run production
  • Calculating long-run production
  • Why the costs in the long run are considered to be variable

Skills Practiced

You can practice the following skills by utilizing this worksheet and quiz:

  • Information recall - access the knowledge you have gained regarding the definition of long-run production
  • Reading comprehension - ensure that you draw the most important information from the related lesson on long-run production
  • Critical thinking - apply relevant concepts to examine information about long-run product in a different light

Additional Learning

If you want to learn more information about long-run production, review the lesson titled Understanding Long-Run Production Decisions in Economics. This lesson covers the following objectives:

  • Compare and contrast long-run production and short-run production
  • Understand the importance of innovation
  • Review examples of long-run production
  • Determine how long-run production decisions are made