Which of the Following Is the Most Likely to Be

question 68

Multiple Choice

Which of the following is the most likely to be a fixed factor of production at a pizza restaurant?

• A)The number of waiters
• B)The size of the seating area
• C)The amount of pizza dough
• D)The amount of electricity

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Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Programs

Structured plans or initiatives designed to achieve certain goals or outcomes, often referring to software in computing contexts.

Sunglasses

Protective eyewear designed to prevent bright sunlight from damaging or discomforting the eyes.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.