A Curve Which Shows the Quantities of Output That Can

question 182

Multiple Choice

A curve which shows the quantities of output that can be obtained from different quantities of a variable factor of production, assuming other factors of production are fixed, is called the _______ curve.

• A) total input
• B) marginal input
• C) total product
• D) average total quantity

---

Definitions:

Past Consideration

Refers to something of value that was given or an act that was performed in the past, which cannot be considered valid consideration for a current contract.

Binding Contract

A binding contract is an agreement between two or more parties that is enforceable by law, signaling that all parties have accepted the terms whether written or oral.

Employment Setting

Refers to the place or context in which employment occurs, including physical locations, organizational environments, and remote or virtual workplaces.

Bilateral Contract

A bilateral contract is an agreement in which each of the two parties makes a promise to the other, creating mutual obligations.