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ASAP! 2 Which of the following are short-run and which are long run adjustments? a Wendy’s build a n

ASAP!

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

a Wendy’s build a new restaurant

b Harley-Davidson Corporation hires 200 more production workers

c A farmer increases the amount of fertilizer used on his corn corp

d an Alcoa aluminum plant adds a third shift of workers

 

4 Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges pament for raw materials, real estate taxes, executive slaaries, insurance premiums, wage payments depreciation and obsolescence charges, sales taxes, and rental payment on leased office machinery “There are no fixed costs in the long run; all costs are variable “Explain

 

 

Apr 24 2020 View more View Less

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