Multiple Choice
Joey cuts lawns during the summer. Let q equal the number of acres mowed per day, and let L equal the number of hours worked per day. Joey never works more than eight hours per day, and during that time his short-run production function is q = 0.2 ∗ L. Which of the following statements is FALSE?
A) Joey's marginal product equals his average product.
B) Joey's marginal product diminishes by 0.2 for each additional hour worked.
C) Joey's average product is constant.
D) Joey's marginal product is constant.
Correct Answer:
Verified
Correct Answer:
Verified
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