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

Question

Quizplus · Accepted Answer

The question refers to decisions that are related to the long-run planning of a firm. Out of the given options, choosing the amount of output to expand from existing plants is the least likely to represent a firm's long-term decision since it primarily deals with short-term operational considerations. The other options such as designing a new plant, choosing a method of production, investing in better technologies, and selecting the best technology are all strategic decisions that are related to the long-term competitiveness and profitability of a firm.

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