State Whether Each of the Following Is a Short-Run or Long-Run

question 45

Essay

State whether each of the following is a short-run or long-run adjustment
a)A firm hires two more workers
b)A firm builds a new plant
c)A pizza parlor decides to add more pepperoni on their signature pizza.
d)A restaurant expands its kitchen

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Definitions:

Gender Typing

The acquisition of a traditional masculine or feminine role.

Selection Effect

A bias in how subjects are chosen for a study or observation, affecting the validity of the conclusions.

Adaptive Capacities

The ability of individuals or systems to adjust effectively to new or changing environments.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.