Question
Assume a factory that currently employs 10 units of labor and is considering adding another 2 units of additional labor to its wage bill. In
Assume a factory that currently employs 10 units of labor and is considering adding another 2 units of additional labor to its wage bill. In managerial economics we would classify this as:
a.
short run decision
b.
long run decision
c.
neither a short-run nor a long-run decision.
d.both a short-run and a long-run decision.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
