Figure: The Unknown Curve (Figure: The Unknown Curve) Look at the figure The Unknown Curve.You are a cabinetmaker who employs several workers to produce kitchen and bathroom cabinets.Your summer intern has created a graph showing a relationship between the number of cabinetmakers you employ and the number of cabinets produced.Unfortunately, your intern has failed to identify this curve.It is likely to be the
________ curve:
A)total cost
B)total product
C)marginal product
D)total variable cost

Question

Figure: The Unknown Curve   (Figure: The Unknown Curve) Look at the figure The Unknown Curve.You are a cabinetmaker who employs several workers to produce kitchen and bathroom cabinets.Your summer intern has created a graph showing a relationship between the number of cabinetmakers you employ and the number of cabinets produced.Unfortunately, your intern has failed to identify this curve.It is likely to be the
________ curve:
A)total cost 
B)total product 
C)marginal product 
D)total variable cost

Quizplus · Accepted Answer

The curve shown in the graph represents the relationship between the number of cabinetmakers employed and the number of cabinets produced. This is a typical example of a total product curve, which shows the total output produced by a firm at different levels of input. Other curves, such as total cost, marginal product, and total variable cost, would have different shapes and represent different relationships between inputs and outputs. Therefore, the best choice is B)total product.

Figure: the Unknown Curve (Figure: the Unknown Curve)