The fast-food industry is generally considered to be a constant cost industry in regards to its use of labor as an input.Why?
A) Few people prefer to work in the industry.
B) Available labor is in short supply.
C) Firms use a relatively small share of unskilled labor in most cities.
D) The productivity of the workers is relatively low.
Correct Answer:
Verified
Q98: Exhibit 12-6 Q99: Darlene runs a fruit and vegetable stand Q100: Exhibit 12-6 Q101: Exhibit 12-8 The long-run total cost schedule Q102: Exhibit 12-7 The figure shows the price,marginal Q104: Exhibit 12-8 The long-run total cost schedule Q105: Exhibit 12-7 The figure shows the price,marginal Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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