Which of the Following Describes a Long-Run Adjustment of a Firm

question 142

Multiple Choice

Which of the following describes a long-run adjustment of a firm to changing business conditions?

• A) A restaurant owner leases an empty store next door and expands.
• B) A dentist changes her hours to see more patients.
• C) A farmer hires more workers to help bring in the harvest.
• D) all of the above

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Definitions:

Impeller

The driving member of a torque converter torus; the impeller is mechanically connected to the engine crankshaft and should rotate at the same speed.

Lock-up Clutch

A mechanism used in automatic transmissions that locks the engine directly to the transmission's output, improving fuel efficiency and performance.

Overrunning Clutch

A drive-protection mechanism that prevents a drive member from being driven; for instance, after a starter motor has started the engine, the overrunning clutch prevents the engine from driving the starter and damaging it.