Read the following news items and explain where a short-run decision and a long-run decision are involved? 1. June 2, 2020: Tim Horton replaces baristas with vending machines. 2. June 30, 2020: Tim Horton is closing 200 stores in British Columbia by the end of July

Read the following news items and explain where a short-run decision and a long-run decision are involved? 1. June 2, 2020: Tim Horton replaces baristas with vending machines. 2. June 30, 2020: Tim Horton is closing 200 stores in British Columbia by the end of July

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.1: What Are Costs?

Problem 1QQ

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Read the following news items and explain where a short-run decision and a long-run decision are involved?

1. June 2, 2020: Tim Horton replaces baristas with vending machines.

2. June 30, 2020: Tim Horton is closing 200 stores in British Columbia by the end of July

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