Determine if the firm is operating in the short run or the


Given the information below, determine if the firm is operating in the short run or the long run.

1. old york & company, a women's retailer, is not under a wage contract with its employees, but it is currently in a one year lease at its mall location.

2. Halle Sanson, a nail polish manufacturer, has a vertical aggregate supply curve.

3. Ruby Wednesdays Restaurants is currently paying its managers a fixed salary in a six month contract.

4. General Auto is producing at a fixed full-employment level of production.

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Business Economics: Determine if the firm is operating in the short run or the
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