IPCSB.52 A yoga studio has two big costs: rent and labor. They decide that they want to move to a location with lower rent and they adjust the hours of their employees. Is this a short-run or long-run decision? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Short-run. b. Long-run. C. One cannot tell.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter7: Production, Inputs, And Cost: Building Blocks For Supply Analysis
Section: Chapter Questions
Problem 1DQ
icon
Related questions
Question
Economics
IPCSB.52
A yoga studio has two big costs: rent and labor. They decide that they want to move to a location with lower rent and they adjust
the hours of their employees. Is this a short-run or long-run decision?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
Short-run.
Long-run.
One cannot tell
Transcribed Image Text:Economics IPCSB.52 A yoga studio has two big costs: rent and labor. They decide that they want to move to a location with lower rent and they adjust the hours of their employees. Is this a short-run or long-run decision? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Short-run. Long-run. One cannot tell
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Total Cost
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning