The following question are based on the following production function:

-Person-hours of labor would be considered a(n)________ input.
A) fixed
B) variable
C) average
D) break-even
E) diminishing

Question

The following question are based on the following production function:
 
-Person-hours of labor would be considered a(n)________ input.
A) fixed 
B) variable 
C) average 
D) break-even 
E) diminishing

Quizplus · Accepted Answer

Person-hours of labor are considered a variable input because they can be easily adjusted in response to changes in output levels.

The Following Question Are Based on the Following Production Function