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LONG-RUN PRODUCTION: An analysis of the production decision made by a firm in the long run. The central feature of this long-run analysis is returns to scale, which results in the long run even though all inputs are variable. Returns to scale are reflected in the long-run average cost curve as either economies to scale or diseconomies to scale.
Visit the GLOSS*arama
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The average bank teller loses about $250 every year.
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"The greatest things ever done on Earth have been done little by little. " -- William Jennings Bryan
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ARCH
Autoregressive Conditional Heteroskedasticity
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