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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 43

Multiple Choice

A short-run production function was estimated as Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 } At 20 units of labor,what is total product?


A) 48
B) 96
C) 20
D) 62
E) 41

Correct Answer:

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