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

question 28

Multiple Choice

A short-run production function was estimated as $Q = - 0.002 L ^ { 3 } + 0.16 L ^ { 2 }$ At what level of labor usage does the maximum average product occur?

• A)20
• B)30
• C)40
• D)50
• E)60

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Definitions:

Diffusion Of Responsibility

An aspect of the bystander effect whereby the presence of others leads to a decreased sense of personal responsibility to act.

Civil Inattention

An unspoken rule governing interactions in public places, whereby individuals briefly notice others before ignoring them.

Environmental Justice

A movement that aims to remedy environmental inequities such as threats to public health and the unequal treatment of certain communities with regard to ecological concerns.

New Ecological Paradigm

A way of understanding human life as just one part of an ecosystem that includes many species’ interactions with the environment; suggests that there should be ecological limits on human activity.