Question

question 13 of 20
an entrepreneur wants to starts a new taco stand. in order to get started, she first buys an excellent grill. then she orders fresh vegetables, and meats from a local market. finally, she hires an assistant chef to work on the weekends so she will have some time off. customers love her tacos, and she makes a large profit her first year in business.
which element of the story best represents labor as a factor of production?
a. the customers
b. the fresh vegetables
c. the assistant chef
d. the new grill

Explanation:

Labor as a factor of production refers to the human effort used in the production process. The assistant chef is a human - resource providing work, while customers are consumers, fresh vegetables are raw materials, and the new grill is capital.

Answer:

C. The assistant chef