Question

Consider boeing​ (a producer of jet​ aircraft), general mills​ (a producer of breakfast​ cereals), and wacky​ jack's (which claims to be the largest u.s. provider of singing​ telegrams). for which of these firms is the long run the longest period of​ time? for which is the long run the​ shortest? explain.

Answer 1

Based on these firms, the long run the longest period of time is the Boeing as they are producers of jet aircraft in which they requires machines that are large and specialized whereas the Wacky Jack’s is considered to have the long run the shortest because they only require labor as it provides singing telegrams.