Question

Which of the following are short-run adjustments, and which are long-run adjustments? a. Wendy’s builds a...

Which of the following are short-run adjustments, and which are long-run adjustments?


a. Wendy’s builds a new restaurant:
(Click to select)
.


b. Harley-Davidson Corporation hires 200 more production workers:
(Click to select)
.


c. A farmer increases the amount of fertilizer used on his corn crop:
(Click to select)
.


d. An Alcoa aluminum plant adds a third shift of workers:
(Click to select)
.
Business   Accounting   
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Homework Answers

Answer #1

Long run adjustment are generally related to investment and its impact would be felt for more than one year while short run adjustment are adjustment made to daily business activity.

a. Building a new restaurant is long run adjustment as its impact would be more than a year

b. Hiring new workers is short run adjustment for business operation.

c.The amount of fertilizer used is not permanent and would change and thus is short run adjustment.

d. Adding third shift of workers is also for business operation and thus is short run adjustment.

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