Solved

For a Certain Firm,the Number of Workers Hired Is the Only

Question 38

Multiple Choice

For a certain firm,the number of workers hired is the only variable input.When this firm's production function is illustrated on a graph,what is measured on the axes


A) The number of workers is measured on the horizontal axis, and the quantity of output is measured on the vertical axis.
B) The number of workers is measured on the horizontal axis, and variable cost is measured on the vertical axis.
C) The number of workers is measured on the horizontal axis, and profit is measured on the vertical axis.
D) The number of workers is measured on the horizontal axis, and total cost is measured on the vertical axis.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions