Which of the following would be classified as a short-run decision?
A) A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room.
B) A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room.
C) A trucking firm's decision to move to a smaller facility.
D) A university's decision to add a new residence hall.
A
Economics
You might also like to view...
One feature of the volunteer's dilemma is that as the group gets larger, individuals in the group are less likely to volunteer
Indicate whether the statement is true or false
Economics
What is scarcity and why does it exist? How is scarcity related to the study of economics?
What will be an ideal response?
Economics