Of the following,which is the least likely to represent a firm's long- run decision?
A)By how much should output be expanded from existing plants?
B)What technique (technology)is the best to use under current factor pricing?
C)What should be the size and design of a firm's new plant?
D)Should the firm choose a method of production that uses relatively more capital than labour?
E)Should the firm invest resources in the development of better technologies?

Question

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and make decisions about plant size and technology. Expanding output from existing plants is more of a short-run decision, as it involves adjusting production levels with current facilities.

Of the Following,which Is the Least Likely to Represent a Firm's