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When demand for a firm's product increases. The firm can take a number of steps to adjust costs and quantities supplied to the market. Some
When demand for a firm's product increases. The firm can take a number of steps to adjust costs and quantities supplied to the market. Some are listed below. Which actions are short run and which are long run? Explain your reasoning a. Hire additional employees b. Declare the opening of new branches c. Require management personnel to increase wages to encourage better productivity d. Hire part time employees based on need. e. Move to a bigger production facility Which actions are long run? O Options a, c, and d O Options a and d Options a, and e O Options bande Which actions are short run? Options a and d O Options a and d O Options a, and e O Options bande
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