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Given the Production Function Q=L2Q = L ^ { 2 }

Question 76

Multiple Choice

Given the production function Q=L2Q = L ^ { 2 } , calculate the average product of labor for L=2L = 2 , and also calculate the marginal product of labor between L=1\mathrm { L } = 1 and L=2\mathrm { L } = 2 .


A) The average product of labor is 2 and the marginal product of labor is 2.
B) The average product of labor is 1 and the marginal product of labor is 3.
C) The average product of labor is 3 and the marginal product of labor is 2.
D) The average product of labor is 2 and the marginal product of labor is 3.

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