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A Short-Run Production Function Was Estimated as at What

Question 27

Multiple Choice

A short-run production function was estimated as A short-run production function was estimated as At what level of labor usage does the maximum average product occur? A) 20 B) 30 C) 40 D) 50 E) 60 At what level of labor usage does the maximum average product occur?


A) 20
B) 30
C) 40
D) 50
E) 60

Correct Answer:

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