Assume a Certain Firm Regards the Number of Workers It

question 260

Multiple Choice

Assume a certain firm regards the number of workers it employs as variable but regards the size of its factory as fixed. This assumption is often realistic

• A)in the short run but not in the long run.
• B)in the long run but not in the short run.
• C)both in the short run and in the long run.
• D)neither in the short run nor in the long run.

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Definitions:

Outsourcing Vendor

A third-party company that provides services or performs tasks that a company might otherwise have done in-house, often to save costs or access specialized expertise.

Insourcing

The practice of using an organization's internal resources to complete tasks or projects that could be outsourced to external providers.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees.

Offshoring

Moving production outside the home country.