Question:

I have an economics question to ask. An example of a long run adjustment is?

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A- your university offers Saturday morning classes next fall

B- Ford Motor Company lays off 2,000 assembly line workers

C- Walmart builds another Supercenter

D- a soybean farmer turns on the irrigation system after a month long dry spell

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2 ANSWERS


  1. C- Walmart builds another Supercenter - this one is right.

    "A" relates to one year - so can't be counted as long-run

    "B" deals with variable costs, so false too.

    "D" problem farmer solves is in short-run, so false.


  2. Long run adjustment is another term for potential market share growth.

    The only company that is expanding is Walmart (C)

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