Multiple Choice
Which of the following would NOT be a short-run decision for the firm?
A) Recall workers who were previously laid-off.
B) Have labor work two hours overtime each day in order to expand output
C) Build another wing on the plant in order to add a new assembly line.
D) Place an order with a supplier for additional raw materials.
Correct Answer:
Verified
Correct Answer:
Verified
Q238: The change in output caused by a
Q239: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q240: When a company produces 5,000 units, total
Q241: The short run is<br>A) a period of
Q242: Marginal cost equals<br>A) TC/Q.<br>B) TVC/Q.<br>C) TFC/Q.<br>D) change
Q244: The main source of diseconomies of scale
Q245: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q246: The typical cost curves are U-shaped due
Q247: Costs that do NOT vary with output
Q248: Which of the following is a long-run