The Production Function of a Restaurant Includes Items Such as Labor

question 59

Multiple Choice

The production function of a restaurant includes items such as labor (i.e.,cooks,waiters,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:

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction rather than for some separable consequence.

Intrinsic Motivation

The drive to engage in an activity for its own sake, rather than for an external reward or outcome.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise.

Subject Interesting

A subjective assessment indicating how much an individual is intrigued, engaged, or finds a specific topic or activity appealing.