What type of resource is each of the following Time spent fl
What type of resource is each of the following? Time spent flipping hamburgers at a restaurant a bulldozer. A river
Solution
a) time spent flipping hamburgers at a restaurant------ labor resource, it is usually added in variable cost of firms---part of economic resource
b) a bulldozer - captal resource , it is fixed cost for firm that if purchased will be used for long time---part of economic resource
c) a river--- natural resource or biological resource
