Solved

Refer to the Following:
a Short-Run Production Function Was Estimated Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }

Question 34

Multiple Choice

Refer to the following:
A short-run production function was estimated as

Q=0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }
-What is average product when it is at its maximum level?


A) 3.20
B) 8.75
C) 6.92
D) 6.00
E) 9.40

Correct Answer:

verifed

Verified

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

Related Questions