Business, 06.12.2019 00:31 reagriffis24

The university can vary its labor force rather quickly. faculty can be quickly hired and similarly it is possible to downsize the faculty. in fact, the university can probably adjust its faculty at any point in time. however, adjusting the classroom space is a little bit longer. the last time a new classroom building was added to the campus it took about four years to go from making the decision to adjust the capital stock to introducing the new building into service. from this we can assume that the long run framework for the university is about four years. feel free to assume that the university employs only these two inputs. a. true b. false

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