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A Short-Run Production Function Was Estimated As Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }

Question 28

Multiple Choice

A short-run production function was estimated as Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 } At what level of labor usage does the maximum average product occur?


A) 20
B) 30
C) 40
D) 50
E) 60

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