The Short-Run Production Function for a Firm Is Given by Q

question 96

Multiple Choice

The short-run production function for a firm is given by Q = 40L^2/3. What is the average product?

• A) AP_L = 16.67L
• B) AP_L = 40/L
• C) AP_L = 40/L^1/3
• D) AP_L = 1/40L

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