Q1305
The short-run production function for a firm is as follows Q = -L3 + 15L2 + 10L Where Q denotes total output in physical units and L denotes units of labour which are homogeneous, but are not perfectly divisible and change in labour does not tend to become zero. Statement I In this production function, the marginal product of 5th unit of labour is 85. Statement II Similarly, in this production function, the average product of the 5th unit of labour is 60.
A.
Both the statements are true
B.
Both the statements are false
AnswerC.
Statement I is true, while Statement II is false
D.
Statement I is false, but Statement II is true
Answer: Option B
Solution
Answer: Option B
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