Which of the following is a short-run adjustment?
A) A local bakery hires two additional bakers.
B) Six new firms enter the plastics industry.
C) The number of farms in the United States declines by 5 percent.
D) BMW constructs a new assembly plant in South Carolina.
Correct Answer:
Verified
Q104: Maria's Mexican Cantina is a restaurant that
Q105: Which of the following represents a long-run
Q106: The amount of calendar time associated with
Q107: Economic costs are equal to
A)the opportunity costs
Q108: Harvey quit his job at State University,
Q110: Harvey quit his job at State University,
Q111: Which of the following would be an
Q112: Implicit costs are
A)the same as economic costs.
B)comprised
Q113: Harvey quit his job at State University,
Q114: The basic difference between the short run
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents