Suppose That Christine Owns Her Own CPA Firm

question 647

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.

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Definitions:

Quality Standards

Set guidelines and criteria established to ensure that products, services, and processes meet specific requirements and are reliable, safe, and efficient.

Service Provider

A company or an individual that offers services to consumers or other businesses, ranging from telecommunications and internet services to health care and transportation.