Multiple Choice
Suppose that Christine owns her own CPA firm. She uses only two inputs in her business: her hours worked (labor) and a computer (capital) . In the short run, Christine most likely considers
A) both labor and capital to be fixed.
B) both labor and capital to be variable.
C) capital to be variable and labor to be fixed.
D) labor to be variable and capital to be fixed.
Correct Answer:
Verified
Correct Answer:
Verified
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