Moving along the total product curve,which of the following is held constant?
A) Quantity of labor
B) Total product
C) Technology
D) Total cost
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Moving along the total product curve means changing the quantity of a variable input while holding all other inputs constant. Therefore, choice A and D cannot be held constant as they are related to input prices and costs respectively, and B cannot be held constant as the purpose of moving along the curve is to observe changes in total product. The only constant variable in this scenario is the level of technology, which is represented by the production function used to create the total product curve.

Moving Along the Total Product Curve,which of the Following Is