Asked by
yordanka licea
on Oct 08, 2024
Verified
Which of the following is a short-run adjustment?
A) A local bakery hires two additional bakers.
B) Six new firms enter the plastics industry.
C) The number of farms in the United States declines by 5 percent.
D) BMW constructs a new assembly plant in South Carolina.
Short-Run Adjustment
A temporary change in production or operation to respond to immediate changes in market or environmental conditions.
Additional Bakers
Implies an increase in the number of bakers in a market or industry, potentially increasing the supply of baked goods.
Local Bakery
A nearby place that specializes in baking and selling bread, pastries, cakes, and other baked goods.
- Discriminate between the changes in organizational actions in the context of short-term and long-term adaptations.
Verified Answer
RS
Learning Objectives
- Discriminate between the changes in organizational actions in the context of short-term and long-term adaptations.