If a farmer seeks to buy one-hundred more acres for her kiwi fruit farm, she is making a
A) long-run decision.
B) short-run decision.
C) immediate-run decision.
D) variable-input decision.

Question

Quizplus · Accepted Answer

Buying one-hundred more acres for a kiwi fruit farm would be a long-run decision as it involves a significant investment in the business and will affect the farmer's production and profitability in the long term. Short-run decisions are typically made to address immediate concerns or to make quick adjustments to production levels, while variable-input decisions refer to decisions about inputs that can be changed easily in the short run to adjust output levels.

If a Farmer Seeks to Buy One-Hundred More Acres for Her