In the long run, a firm that produces and sells textbooks gets to choose
A)how many workers to hire.
B)the size of its factories.
C)which short-run average-total-cost curve to use.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

As a firm, it gets to choose all three options - how many workers to hire, the size of its factories, and which short-run average-total-cost curve to use. These decisions depend on the firm's goals, market demand, and long-term profitability. The firm can optimize its use of resources and production processes to achieve economies of scale and improve its cost efficiency. Therefore, all of the given choices are correct.

In the Long Run, a Firm That Produces and Sells