The selection of the short-run rate of output is the:

Question

Quizplus · Accepted Answer

The selection of the short-run rate of output is a production decision as it involves deciding on the quantity of goods and services to be produced in the short term. It is a decision made by the production department based on factors such as demand, availability of resources, and production capacity. The other options (investment decision, marginal decision, industrial decision) are not directly related to the selection of the short-run rate of output.

The Selection of the Short-Run Rate of Output Is The