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Close Window > Moving to another question will save this response. Question 3 of 5 | 2/1 Question 3 6 pointsSave Answe Consider the short run production function Q 10L-0.52 where labor (L)is the only variable input. What is the average product when labor equals 4? Oa. 6 b.8 c. 12 d. 32 A Moving to another question will save this response. : «| Close Window Mac

Solution

Q=10(4)-0.5(16)=32 when L=4

And we know AVerage product of labor=total output/labor=32/4=8

Thus ans is B