Which of the Following Would NOT Be a Short-Run Decision

question 243

Multiple Choice

Which of the following would NOT be a short-run decision for the firm?

• A) Recall workers who were previously laid-off.
• B) Have labor work two hours overtime each day in order to expand output
• C) Build another wing on the plant in order to add a new assembly line.
• D) Place an order with a supplier for additional raw materials.

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Definitions:

Sexual Abuse

A form of misconduct where an individual is forced or coerced into unwanted sexual activity without consent.

Availability Heuristic

An expedient mental route that capitalizes on the initial instances that pop into one's mind when reflecting upon a specific subject, notion, procedure, or decision.

Conjunction Fallacy

An erroneous belief where specific situations are perceived as having a higher likelihood than a more generalized condition.

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.