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Author Question: Which of the following is a long-run adjustment? a. A new economics professor is hired on campus. ... (Read 27 times)

kfurse

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on: Jun 30, 2018
Which of the following is a long-run adjustment?
 a. A new economics professor is hired on campus.
  b. General Motors increases its orders for steel.
  c. Microsoft cuts back its hiring of new graduates.
  d. Glow Electric disassembles one of its nuclear power plants.
  e. Texaco buys more crude oil to refine into gasoline.

Question 2

Which of the following probably has the shortest long run?
 a. a law firm
  b. a steel mill
  c. an automobile plant
  d. a tire factory
  e. an aircraft engine factory


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af

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


kfurse

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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