UGC NET COMMERCE January 2017(Paper-II) Q13
0. 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.
