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Question
The production function of a restaurant includes items such as labor (i.e., cooks, waiters, and a manager), capital (i.e., ovens, counters, tables, chairs, and a building), and land. In the short run, the owner of the restaurant will optimize production by employing a variable amount of ________ given a fixed amount of ________.
a. capital; labor and land
b. land; capital and labor
c. labor; capital and land
d. labor; capital and raw materials
e. land; labor and raw materials
Answer
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Related questions
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