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:

Verified
Correct Answer:
Verified
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