When we focus on labor as an input in the production process, we typically draw the production function by measuring the
A)quantity of labor on the horizontal axis and the quantity of output on the vertical axis.
B)quantity of labor on the horizontal axis and the marginal product of labor on the vertical axis.
C)quantity of labor on the horizontal axis and the value of the marginal product of labor on the vertical axis.
D)value of the marginal product of labor on the horizontal axis and the quantity of output on the vertical axis.

Question

Quizplus · Accepted Answer

When focusing on labor as an input in the production process, we measure the quantity of labor on the horizontal axis and the quantity of output on the vertical axis to draw the production function. This allows us to see the relationship between the amount of labor inputted and the resulting output produced.

When We Focus on Labor as an Input in the Production