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.

---

Definitions:

Clear Communication

The process of conveying messages or information in a way that is easily understandable, direct, and unambiguous to the recipient.

Bill Gates

Co-founder of Microsoft Corporation and a prominent philanthropist, known for his contributions to technology and global health initiatives.

Leadership Skill

The ability to inspire, influence, and guide others towards achieving collective goals.

Successful Leader

A successful leader is someone who can inspire and guide others towards achieving shared goals while demonstrating integrity, vision, and the ability to make tough decisions.