In which case is the transition from short run to long run likely to involve the shortest chronological time period?
A)A service that provides temporary secretaries to companies
B)An automobile factory
C)A farm
D)An electric utility

Question

Quizplus · Accepted Answer

The transition from short run to long run is likely to involve the shortest chronological time period in the case of a service that provides temporary secretaries to companies. This is because the service can quickly adapt to changes in demand by adjusting the number of temporary secretaries provided, without requiring significant changes in the production process or infrastructure. In contrast, industries such as automobile manufacturing, farming, and electric utilities require significant capital investments and changes to infrastructure, which can take longer to implement and therefore require a longer transition period from short run to long run.

In Which Case Is the Transition from Short Run to Long