When a chef prepares a dinner for a customer,which factor is physical capital?
A)the chef
B)the oven
C)the food ingredients
D)the chef's training and experience

Question

Quizplus · Accepted Answer

Physical capital refers to the physical resources used in production, such as machinery, tools, buildings, and equipment. In this case, the oven is a physical resource used by the chef to cook the meal, making it physical capital. The chef, food ingredients, and chef's training and experience are not physical resources.

When a Chef Prepares a Dinner for a Customer,which Factor