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

$Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$
-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

Question

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

$Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$
-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

Quizplus · Accepted Answer

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

$Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$
-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

Refer to the Following: a Short-Run Production Function Was Estimated Q=−0.002L3+0.16L2Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }Q=−0.002L3+0.16L2