Of the following, which is the least likely to represent a firm's long- run decision?
A) By how much should output be expanded from existing plants?
B) Should the firm count on an expanding or contracting share of the market?
C) Should the firm choose a method of production that uses relatively more capital than labour?
D) What technique (technology) is the best to use under current factor pricing?
E) What should be the size and design of a firm's new plant?

Question

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and make decisions about plant size and design, which makes option A, concerning output expansion from existing plants, more of a short-run decision.

Of the Following, Which Is the Least Likely to Represent