Figure 13-1

-Refer to Figure 13-1. The graph illustrates a typical
A)total-cost curve.
B)production function.
C)production possibilities frontier.
D)marginal product of labor curve.

Question

Figure 13-1  ​
​
​
-Refer to Figure 13-1. The graph illustrates a typical
A)total-cost curve. 
B)production function. 
C)production possibilities frontier. 
D)marginal product of labor curve.

Quizplus · Accepted Answer

The graph represents a production function, which shows the relationship between the quantity of inputs used in production and the quantity of output from production.

Figure 13-1 ​

Figure 13-1