The production function has ____ on the horizontal axis.
A)real GDP
B)capital stock
C)technology
D)labor input

Name: The production function has ____ on the horizontal axis. A)real GDP B)capital stock C)technology D)labor input
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Question

Quizplus · Accepted Answer

The production function measures the relationship between outputs and inputs, with labor input being one of the most common variables used in the model. Therefore, the horizontal axis of a production function typically represents labor input.

The Production Function Has ____ on the Horizontal Axis