Reference no: EM131101248
The production function of a restaurant includes items such as labor (i.e., cooks, waiters, 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. labor, capital and raw materials
b. capital, labor and land
c. land, capital and labor
d. land, labor and raw materials
e. labor, capital and land
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Strengths and weaknesses of the triple bottom line approach
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Optimize production by employing variable amount
: The production function of a restaurant includes items such as labor (i.e., cooks, waiters, 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 ..
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