A total product curve indicates the relationship between:
A)a variable input and price.
B)a variable input and variable cost.
C)a variable input and output.
D)output and price.

Question

Quizplus · Accepted Answer

A total product curve shows the relationship between a variable input (such as labor) and the resulting output. It illustrates how increasing levels of input lead to increasing levels of output. Therefore, the correct answer is C - a variable input and output.

A Total Product Curve Indicates the Relationship Between