Multiple Choice
Suppose that a "doggie day care" firm uses only two inputs: hourly workers (labor) and a building (capital) . In the short run, the firm most likely considers
A) both labor and capital to be fixed.
B) both labor and capital to be variable.
C) labor to be variable and capital to be fixed.
D) capital to be variable and labor to be fixed.
Correct Answer:
Verified
Correct Answer:
Verified
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