The Production Function of a Restaurant Includes Items Such as Labor

question 160

Multiple Choice

The production function of a restaurant includes items such as labor (i.e. ,cooks,waiters,and 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) capital; labor and land
• B) land; capital and labor
• C) labor; capital and land
• D) labor; capital and raw materials
• E) land; labor and raw materials

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Definitions:

Personal Causation Hypothesis

A theory suggesting that individuals perceive their actions as being the result of their own choice and thus feel responsible for the outcomes.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow regarding the concept that human motivation is based on fulfilling a hierarchy of needs, starting from basic physical requirements to more advanced needs of self-actualization.

Physiological

Refers to the normal functions of living organisms and their parts.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.