s: Economists separate the time period during which a firm decides to change the quantity of output it produces into the short run and the long run. Briefly describe the difference between a firm's decision to increase production in the short and in the long run. From the article: "Apple Inc.'s main manufacturer, Foxconn Technology Group, is considering a major expansion in India, including possibly assembling millions more iPhones and setting up new production sites..." If Foxconn does decide to establish a new iPhone manufacturing facility in India, would this be considered a short run or a long run production decision? Briefly explain your answer. From the article: "Foxconn is set to expand production of iPhones at its existing plant near Chennai, in the southern Indian state of Tamil Nadu.... It aims to boost iPhone production to around 20 million units annually by 2024 and roughly triple the number of workers to as many as 100,000...". If Foxconn increases its production of iPhones at an existing location in India by tripling the number of its workers, would this be considered a short run or a long run production decision? Briefly explain your