Multiple Choice
In the short run,
A) a firm cannot hire new workers.
B) wage rates and product prices cannot change.
C) a firm cannot add on to an assembly line or introduce new machines to the production process.
D) employment levels cannot change.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q43: For two substitutes in production,if the substitution
Q44: Suppose that a firm is competitive in
Q45: When the price of capital increases,a firm
Q46: All of the following firms are producing
Q47: A profit-maximizing firm decides to produce 100
Q48: If the firm operates in a competitive
Q49: Consider an employer that is a monopolist
Q50: When unemployment is widespread and the wage
Q52: If a firm hires another unit of
Q53: In the long run,a profit-maximizing firm will