contestada

In the diagram, curves 1, 2, and 3 represent the total, marginal, and average product curves respectively. total, average, and marginal product curves respectively. marginal, average, and total product curves respectively. average, marginal, and total product curves respectively.

Respuesta :

Lanuel

In the diagram (see attachment), curves 1, 2, and 3 represent the: C. marginal, average, and total product curves respectively.

What is a product?

A product can be defined as any physical object and tangible item that is typically produced by a manufacturer, so as to satisfy and meet the demands, needs or wants of every customer.

In Economics, some examples of products include the following:

  • Pencils
  • Laptop computers
  • Mobile phones
  • Television
  • Microwave oven

What is a variable input?

A variable input can be defined as a type of resources which provides the additional (extra) inputs that is required and needed by a business firm in order to expand short-run production. Thus, labor is considered as the most common example of a variable input.

In conclusion, we can infer and logically deduce that curves 1, 2, and 3 in the diagram (see attachment) represent the marginal, average, and total product curves respectively

Read more on variable input here: https://brainly.com/question/25493860

#SPJ1

Ver imagen Lanuel