When We Focus on Labor as an Input in the Production

question 148

Multiple Choice

When we focus on labor as an input in the production process,we typically draw the production function by measuring

• A) the quantity of labor on the horizontal axis and the quantity of output on the vertical axis.
• B) the quantity of labor on the horizontal axis and the marginal product of labor on the vertical axis.
• C) the quantity of labor on the horizontal axis and the value of the marginal product of labor on the vertical axis.
• D) the value of the marginal product of labor on the horizontal axis and the quantity of output on the vertical axis.

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