Short run and long run decisions

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Assume that you became president of small theater company. Your playhouse has the 120 seats and small stage. The actors have national reputations, and demand for tickets is enormous relative to number of seats available; every preformance is sold out months in advance. You are elected because you have demonstrated an ability to raise funds successfully. Describe some of the decisions that you must make in the short run. What might you consider to be your "fixed factor"? What alternative decisions might you be able to make in the long run? Explain.

Reference no: EM1371357

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