For most firms in the economy,the largest part of resource costs is the cost of
A)labor.
B)capital.
C)property and machinery.
D)land and natural resources.

Question

Quizplus · Accepted Answer

Labor costs typically make up the largest portion of resource costs for most firms. This is because labor is necessary for almost every aspect of a firm's operations, from production to marketing to administrative tasks. While capital, property and machinery, and land and natural resources are all important resources for many firms, they are generally less significant in terms of overall cost than labor.

For Most Firms in the Economy,the Largest Part of Resource