A Short-Run Production Function Was Estimated As $Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$

question 34

Multiple Choice

A short-run production function was estimated as $Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$ At 60 units of labor,what is average product?

• A)9.4
• B)8.6
• C)3.7
• D)2.4
• E)6.4

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Definitions:

Super Glues

Strong, fast-acting adhesives made from cyanoacrylate, used for bonding various materials with excellent strength.

Condensation Polymers

Polymers formed by the condensation reaction, where two monomers react to produce a small molecule, such as water, along with the polymer.

Polymerization Reactions

Chemical reactions that join small molecules (monomers) together to form long chains or networks (polymers), which can be initiated by heat, light, or catalysts.

Chain Growth

The process in polymer chemistry where monomers add to a growing polymer chain one at a time, often characterized by a single active site.