(Figure: Production Function II) Which of the Following Statements Are

question 40

Multiple Choice

(Figure: Production Function II) Which of the following statements are TRUE? I. This production function exhibits diminishing marginal product.
II) At L = 3, MP_L = 1.88 and AP_L = 4.
III) At L = 6, AP_L > MP_L.
IV) At L = 3, MP_L = 4 and AP_L = 1.88.

• A) II and III
• B) I, II, and III
• C) I, III, and IV
• D) I and II

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