Read the information about Nestl Purinas business de cisions in the news clip in Problem 15 .
Question:
Read the information about Nestlé Purina’s business de cisions in the news clip in Problem 15 . Explain how Nestlé Purina’s short-run decision will change its average variable cost and its short-run average total cost curve.
Problem 15
Nestlé Purina PetCare Plans to Open New Factory in North Carolina Nestlé Purina PetCare announced a $450 million investment to open a new factory in North Carolina. Purina plans to employ more than 300 people at its new factory location.
a. Which of Nestlé Purina’s decisions described in the news clip is a short-run decision and which is a long-run decision?
b. Why is Nestlé Purina’s long-run decision riskier than its short-run decision?
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In economics the shortrun is a period of time in which at least one input in the production process is fixed while the longrun is a period of time tha...View the full answer
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