Solved

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

Question 34

Multiple Choice

A short-run production function was estimated as Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 } At 60 units of labor,what is average product?


A) 9.4
B) 8.6
C) 3.7
D) 2.4
E) 6.4

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions