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QUESTION

For a restaurant: labor and food would be variable factors of production. a building would be a fixed factor of production in the short run.

  • For a restaurant:
  • A. labor and food would be variable factors of production.
  • B. a building would be a fixed factor of production in the short run.
  • C. fire insurance on a building would be a fixed factor of production.
  • D. A and B are correct.
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