Multiple Choice
Which of the following is a long-run adjustment?
A) A restaurant hires a new chef.
B) A company relocate to a new headquarter in another city.
C) A bank hires a new CEO.
D) A company hires ten new management trainees.
Correct Answer:
Verified
Correct Answer:
Verified
Q243: Which of the following would NOT be
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
Q249: The time period during which all factors
Q250: Total product divided by the variable input
Q251: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q252: What is the difference between the short
Q253: Production functions indicate the relationship between<br>A) factor