Q. 5 Which are the following are short-run and which are the long-run adjustment? Explain in your own words with the help of examples. a) Wendy's builds a new restaurant b) Harley-Davidson corporation hires 200 more production workers. c) A farmer increase the amount of fertilizer used on his corn crop d) An Alcoa aluminum plants add a third shift of workers.

Q. 5 Which are the following are short-run and which are the long-run adjustment? Explain in your own words with the help of examples. a) Wendy's builds a new restaurant b) Harley-Davidson corporation hires 200 more production workers. c) A farmer increase the amount of fertilizer used on his corn crop d) An Alcoa aluminum plants add a third shift of workers.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 20P

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