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:

Preserved

Something that has been maintained in its original or existing state, often referring to food treated to prevent decay or to historical sites maintained for posterity.

Agriculture Organization

An entity that focuses on agricultural development, research, and support to farmers and the agricultural sector.

Forested Land

Land covered significantly by trees and undergrowth, often assessed for its value in ecology, economy, and recreation.

Fastest Growing

Refers to the quick rate of expansion in sectors, companies, or economies.