A relationship between output and the quantity of a variable factor of production used in a period, given the levels of all other factors of production is a(n):
A) budget constraint.
B) planning curve.
C) indifference curve.
D) total product curve.

Question

Quizplus · Accepted Answer

A relationship between output and the quantity of a variable factor of production used in a period, given the levels of all other factors of production is represented by a total product curve. The total product curve shows how the output of a firm changes as it changes the quantity of the variable factor of production, while holding all other factors fixed.

A Relationship Between Output and the Quantity of a Variable