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.

Question

Quizplus · Accepted Answer

The production function shows the relationship between inputs (in this case, the number of workers) and outputs (quantity of output). Therefore, the number of workers is measured on the horizontal axis, and the quantity of output is measured on the vertical axis.

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