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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    If the Production Function Is Q = K<sup>
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If the Production Function Is Q = K

Question 75

Question 75

Multiple Choice

If the production function is Q = K.5L.5 and capital is fixed at 1 unit,then the average product of labor when L = 25 is:


A) 2/5.
B) 1/5.
C) 10.
D) None of the answers are correct.

Correct Answer:

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