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Which of the following would be considered long-run choices? Which are short-run choices? A dentist hires a new part-time dental hygienist. The local oil refinery

Which of the following would be considered long-run choices? Which are short-run choices?

  1. A dentist hires a new part-time dental hygienist.
  2. The local oil refinery plans a complete restructuring of its production processes, including relocating the plant.
  3. A farmer increases the quantity of water applied to his or her fields.
  4. A law partnership signs a 3-year lease for an office complex.
  5. The university hires a new football coach on a 3-year contract.

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