Final answer:
Short run production in manufacturing companies refers to a time period where firms cannot change the usage of fixed inputs, while long run production allows firms to adjust all factors of production.
Step-by-step explanation:
**Short Run Production Examples for Manufacturing Companies in the USA:**
1. **Temporary Labor**: In the short run, manufacturing companies might hire temporary or contract workers to meet increased demand or address temporary labor shortages. This allows them to respond quickly without making long-term labor commitments.
2. **Overtime**: Companies can use overtime for their existing employees to increase production temporarily. This is a short-term solution to meet sudden increases in demand.
3. **Inventory Management**: Manufacturers might use their existing inventory more efficiently or reduce production to manage costs in the short run.
**Long Run Production Examples for Manufacturing Companies in the USA:**
1. **Expansion of Facilities**: Manufacturers looking to increase their long-term production capacity may invest in building new facilities, expanding existing ones, or relocating to larger premises.
2. **Investing in Technology**: In the long run, manufacturing companies often invest in new technology, machinery, and automation to improve production efficiency and increase output.
3. **Hiring and Training Skilled Workers**: Long-term production strategies may involve hiring and training more skilled and permanent employees to support increased production.
4. **Supply Chain Optimization**: Manufacturers may restructure their supply chains and invest in long-term relationships with suppliers and distributors to ensure a smooth and efficient flow of materials and products.
These examples illustrate how manufacturing companies in the USA adapt their production strategies and decisions in the short run and long run to meet changing market conditions and growth objectives.
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