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A Firm Estimates Its Long-Run Production Function to Be Q=0.0075K3L3+12K2L2Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ {2 } L ^ { 2 }

Question 16

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A firm estimates its long-run production function to be Q=0.0075K3L3+12K2L2Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ {2 } L ^ { 2 } Suppose the firm employs 12 units of capital.At ________ units of labor,average product of labor begins to diminish.


A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

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