Assume a Factory That Currently Employs 25 Workers Is Considering

question 4

Multiple Choice

Assume a factory that currently employs 25 workers is considering adding another 5 workers to its payroll.Economists would classify this as:

• A)a short-run decision.
• B)a long-run decision.
• C)neither a short-run nor a long-run decision.
• D)both a short-run and a long-run decision.

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Definitions:

Aquifer

A body of permeable rock that can contain or transmit groundwater.

Groundwater Flow

The movement of water through the subsurface soil and rocks, primarily driven by gravity and pressure differences.

Permeability

Permeability is a measure of the ability of a porous material (such as rock or soil) to allow fluids to pass through it.

Perched Water

Groundwater that sits above the main water table and generally is underlain by a layer or lens of impermeable rock that blocks the downward flow of groundwater.