Which of the following is an example of a long-run adjustment?
A) Your university offers Saturday morning classes next fall.
B) Ford Motor Company lays off 2,000 assembly line workers.
C) A soybean farmer turns on the irrigation system after a month long dry spell.
D) Walmart builds another Supercenter.
Correct Answer:
Verified
Q30: If a producer is not able to
Q31: Golda Rush quit her job as a
Q32: Which of the following is a factor
Q33: Golda Rush quit her job as a
Q34: The production function shows
A)the total cost of
Q36: Academic book publishers hire editors, designers, and
Q37: Which of the following are examples of
Q38: Which of the following is an implicit
Q39: A characteristic of the long run is
A)there
Q40: Implicit costs can be defined as
A)accounting profit
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