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:

Positive Correlation

A relationship between two variables in which both variables move in tandem, such that as one variable increases, the other variable also increases.

Ice Cream

A sweetened frozen food typically eaten as a snack or dessert, made from dairy milk or cream, and often flavored.

Drowning

A form of asphyxia due to the aspiration of fluid into the airways, caused by submersion in liquid.

Cause-and-effect Relationships

Connections between events where one is the result of the other(s), indicating a causal relationship.