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. The long run is longest for 0 A Boeing because aircraft production is relatively expensive and shortest or acky Jack's because providing singing te egrams is relatively cheap. O B. Boeing because aircraft production is labor-intensive and shortest for Wacky Jack's because providing singing telegrams is capital-intensive. O C. Boeing because aircraft production requires large, specialized machines and shortest for Wacky Jack's because providing singing telegrams requires primarily labor O D. Boeing because aircraft production is most profitable and shortest for Wacky Jack's because providing singing telegrams is least profitable. E. Boeing because it is the largest provider of aircraft and shortest for General Mills because it is a relatively small cereal producer

Answer 1

Answer:

Option C - The firm, in the long run, is the longest for Boeing because aircraft production requires large, specialized machines and shortest for Wacky Jack's, is the correct answer choice.

Explanation:

Given that 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).

The firm, in the long run, is the longest for Boeing because aircraft production requires large, specialized machines and shortest for Wacky Jack's. The reason is that the provision of singing telegrams requires primarily labor.

Therefore, option C is the correct answer choice.