Which of the following is a short-run decision?
A) Because of an increase in enrollment, the economics department hires two new professors.
B) After a new classroom building is built, the economics department hires two new professors.
C) Your college builds a new classroom building.
D) The economics department buys new computers for the professors.

Question

Quizplus · Accepted Answer

Hiring new professors in response to an increase in enrollment is a short-run decision because it addresses the current situation with temporary solutions (hiring new professors) rather than making long-term changes such as building a new classroom building or acquiring new equipment.

Which of the Following Is a Short-Run Decision