Question

A curve which shows the quantities of output that can be obtained from different quantities of a variable factor of production, assuming other factors of production are fixed, is called the _______ curve.

Answer 1

Answer:

Total product curve

Step-by-step explanation:

The total product curve is a plot that shows the different level of outputs that can be obtained from a variable factor of production whilst keeping other factors of production constant.

What the total product curve shows is that, it shows how the production output level varies with a particular variable factor of production while we keep other factors of production constant. Hence it is used to study the effect a variable production factor has on output with other production factors at a constant value