When a firm's only variable input is labour,what does the slope of the production function measure
A)the quantity of labour
B)the quantity of output
C)the total cost
D)the marginal product of labour

Question

Quizplus · Accepted Answer

The slope of the production function measures the marginal product of labour, which is the additional output produced by one additional unit of labour. This is because when there is only one variable input (labour), the slope represents the increase in output resulting from an increase in labour input. Therefore, the correct answer is option D: the marginal product of labour.

When a Firm's Only Variable Input Is Labour,what Does the Slope