Which of the following is a long-run adjustment?
A) A firm hires two new workers.
B) The number of professional baseball teams increases by two.
C) GM buys more steel for its auto plants in Michigan.
D) A farmer buys twice her usual amount of fertilizer.
Correct Answer:
Verified
Q1: In the short run
A) firms have the
Q2: In the short run
A) all factors of
Q3: In the long run
A) firms have the
Q4: Which of the following are included in
Q5: Which of the following is an example
Q7: Recall the Application about the opportunity cost
Q8: Accountants include _ costs as part of
Q9: Jane is a student at a university.
Q10: Which of the following is a short-run
Q11: An example of an implicit cost is
A)
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