ECO 204 Week 2 Assignment Short Run and Long Run Decision Making

 

When an owner has a high demand venue that does not seat everyone that wants to attend the event he/she must make short and long run decisions in order to keep the customers coming as well as being able to maintain the business. As the president of a nonprofit theater that has tickets constantly being sold out I must think about what needs to be done to secure more space for the long run to maintain the profits along with a possible gain to expand the venue