For a restaurant: Group of answer choices labor and food would be variable factors of production....

For a restaurant:

Group of answer choices

labor and food would be variable factors of production.

a building would be a fixed factor of production in the short run.

fire insurance on a building would be a fixed factor of production.

A and B are correct.

Expert Solution

Ans- A and B are correct

Labor and food are variable factors of production because their cost changes with change in the levels of output .

Building will be fixed factor of production.

Rahul Sunny answered 2 years ago

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