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

The total product curve shows the relationship between the quantity of labor and the total product produced. As we move along this curve, the quantity of labor is the variable that changes, while technology and total cost remain constant. Therefore, the correct answer is C, technology is held constant.

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