Which of the following are short-run and which are longrun adjustments? a. Wendy’s builds a new restaurant.b. Harley-Davidson Corporation hires 200 more production workers.c. A farmer increases the amount of fertilizer used on his corn crop.d. An Alcoa aluminum plant adds a third shift of workers.
Which of the following are short-run and which are longrun adjustments? a. Wendy’s builds a new restaurant.b. Harley-Davidson Corporation hires 200 more production workers.c. A farmer increases the amount of fertilizer used on his corn crop.d. An Alcoa aluminum plant adds a third shift of workers.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter7: Production, Inputs, And Cost: Building Blocks For Supply Analysis
Section: Chapter Questions
Problem 1DQ
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Which of the following are short-run and which are longrun adjustments?
a. Wendy’s builds a new restaurant.
b. Harley-Davidson Corporation hires 200 more production workers.
c. A farmer increases the amount of fertilizer used on his corn crop.
d. An Alcoa aluminum plant adds a third shift of workers.
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