
Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026
Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 3
Think about the production function of Walt Disney World, the resort in Florida, which includes The Magic Kingdom and other theme parks (www.disneyworld.com).
a) List five inputs for Disney World, and identify whether they are labor, capital, land, intermediate inputs, or business know-how.
b) What is the output or outputs of Disney World?
a) List five inputs for Disney World, and identify whether they are labor, capital, land, intermediate inputs, or business know-how.
b) What is the output or outputs of Disney World?
Explanation
Introduction:
Labor inputs of a busines...
Economics: The Basics 1st Edition by Mike Mandel
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