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State Whether Each of the Following Is a Short-Run or Long-Run

Question 113

Essay

State whether each of the following is a short-run or long-run adjustment
a)A firm hires two more workers
b)A firm builds a new plant
c)A pizza parlor decides to add more pepperoni on their signature pizza.
d)A restaurant expands its kitchen

Correct Answer:

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a)Short-run adjustme...

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