Given the Production Function Q = L², Calculate the Average

question 14

Multiple Choice

Given the production function Q = L², calculate the average product of labor for L = 2, and also calculate the marginal product of labor between L = 1 and L = 2.

• A) The average product of labor is 2 and the marginal product of labor is 2.
• B) The average product of labor is 1 and the marginal product of labor is 3.
• C) The average product of labor is 3 and the marginal product of labor is 2.
• D) The average product of labor is 2 and the marginal product of labor is 3.

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Definitions:

Closure

The psychological phenomenon where an individual seeks a sense of completeness or resolution to an emotional or traumatic event.

Similarity

The cognitive process of recognizing objects or ideas that are alike in appearance or concept.

Texture Gradient

This visual cue indicates depth by the gradual change in appearance of objects as they move further away, with details becoming denser and finer the farther they are from the viewer.

Relative Size

A perceptual cue that allows the determination of the size of an object in comparison to another object of known size.