Joey Cuts Lawns During the Summer

question 28

Multiple Choice

Joey cuts lawns during the summer.Let q equal the number of acres mowed per day,and let L equal the number of hours worked per day.Joey never works more than eight hours per day,and during that time his short-run production function is q = 0.2 ∗ L.Which of the following statements is FALSE?

• A) Joey's marginal productivity equals his average productivity.
• B) Joey's marginal productivity diminishes by 0.2 for each additional hour worked.
• C) Joey's average productivity is constant.
• D) Joey's marginal productivity is constant.

---

Definitions:

Extensive Form

A way of representing games that captures the order of players' moves, their choices at each point, and the outcomes resulting from each combination of choices.

Strategic Game

A situation in which players make decisions by taking into account the anticipated strategies and actions of competitors.

Corporate Coffee

Refers to coffee shops and chains that are corporately owned, often characterized by their widespread presence and uniform offerings.

Extensive Form

A representation of a game that shows the sequence of moves, their possible outcomes, and payoffs for each player.