Costs in short-run and long-run productions.

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Costs in short-run and long-run productions. Select a firm of your 2. Explain with concrete facts (whenever possible) the firm’s production costs before the peak of COVID-19. 3. Illustrate (if any) the effects of COVID-19 and inflation on the production costs of this firm. 4. In your opinion, which cost-minimizing strategies could the firm use moving forward? Explain. 5. Could the firm favor production efficiency or resiliency? Elaborate on your point of view. In your explanation, specify whether the firm’s decision to outweigh the effects of COVID-19 and inflation is a short-run or a long-run decision. Moreover, when you present the production costs, explain whether they are short-run costs or long-run costs. Feel free to use Excel sheets, graphs, case studies, or references to make your case. Just make sure to cite your sources using APA styles properly (the additional resources (videos or the opinion) in this chapter can inspire your thoughts),

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