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ps://ubleams.buffalo.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_217234_ Question Completion Status: QUESTION 7 A short-run production function was estimated as Q = -0.002$L^3$ + 0.16$L^2$ What is average product when it is at its maximum level? ? 8.75 ? 6.00 ? 6.92 ? 9.40 ? 3.20 QUESTION 8 An estimated short-run cost function ? can be estimated using time-series data. ? holds the capital stock constant. ? can be used to make price and output decisions. ? both a and c ? all of the above Click Save and Submit to save and submit. Click Save All Answers to save all a

          ps://ubleams.buffalo.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_217234_
Question Completion Status:
QUESTION 7
A short-run production function was estimated as
Q = -0.002$L^3$ + 0.16$L^2$
What is average product when it is at its maximum level?
? 8.75
? 6.00
? 6.92
? 9.40
? 3.20
QUESTION 8
An estimated short-run cost function
? can be estimated using time-series data.
? holds the capital stock constant.
? can be used to make price and output decisions.
? both a and c
? all of the above
Click Save and Submit to save and submit. Click Save All Answers to save all a

ps://ubleams.buffalo.edu/webapps/assessment/take/launch.jsp?courseassessmentid=217234
Question Completion Status:
QUESTION 7
A short-run production function was estimated as
Q = -0.002L^3 + 0.16L^2
What is average product when it is at its maximum level?
? 8.75
? 6.00
? 6.92
? 9.40
? 3.20
QUESTION 8
An estimated short-run cost function
? can be estimated using time-series data.
? holds the capital stock constant.
? can be used to make price and output decisions.
? both a and c
? all of the above
Click Save and Submit to save and submit. Click Save All Answers to save all a

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