Which of the following is a long-run adjustment?
A) A restaurant hires a new chef.
B) A company builds a new manufacturing plant.
C) A bank hires a new CEO.
D) A company hires ten new management trainees.

Question

Quizplus · Accepted Answer

Building a new manufacturing plant typically requires a significant investment of time and resources, and therefore represents a long-run adjustment. Hiring a new chef, a new CEO, or ten new management trainees, on the other hand, are more likely to be short-run adjustments.

Which of the Following Is a Long-Run Adjustment