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Is it possible for an auto company to vary output month-to-month in the short-run if expanding plant capacity or selling a plant takes about 3
Is it possible for an auto company to vary output month-to-month in the short-run if expanding plant capacity or selling a plant takes about 3 years? a. No; fixed plant means constant output. b. No; by definition, the short-run means fixed rate of production. c. Yes; but only by contracting with another firm to use its excess capacity. d. Yes; by hiring more or less workers and by adding or eliminating shifts
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