State whether the following decision is a short-run or long-run decision:
a.RIM is deciding whether or not to close its manufacturing plant in Waterloo.
b.The Bay hires additional seasonal workers during November and December.
c.LazyBoy furniture manufacturers close all manufacturing plants in Toronto and outsource their furniture production to manufacturing plants in India.
d.Bombardier Inc.purchases new equipment to replace depreciating equipment.
e.Suncor is deciding whether or not to lay-off heavy equipment operators

Question

Quizplus · Accepted Answer

The Answer of State whether the following decision is a short-run or long-run decision:
a.RIM is deciding whether or not to close its manufacturing plant in Waterloo.
b.The Bay hires additional seasonal workers during November and December.
c.LazyBoy furniture manufacturers close all manufacturing plants in Toronto and outsource their furniture production to manufacturing plants in India.
d.Bombardier Inc.purchases new equipment to replace depreciating equipment.
e.Suncor is deciding whether or not to lay-off heavy equipment operators

State Whether the Following Decision Is a Short-Run or Long-Run