Which of the Following Can a Firm Do in the Long

question 138

Multiple Choice

Which of the following can a firm do in the long run but not in the short run?

• A)decrease the size of its physical plant
• B)reduce its rate of output by laying off workers
• C)increase its variable costs
• D)increase its use of raw materials

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Natural Instinct

Inborn patterns of behavior that are biologically determined rather than learned, guiding responses to environmental stimuli.

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