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

question 38

Multiple Choice

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.

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Definitions:

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