Suppose that the production function is qequalsUpper L Superscript 0.50Upper K Superscript 0.50. What is the average product of
labor AP Subscript Upper L, holding capital fixed at ModifyingAbove Upper K with caret? A. AP Subscript Upper Lequalsq divided by Upper L. B. AP Subscript Upper LequalsUpper L Superscript negative 0.50ModifyingAbove Upper K with caret Superscript 0.50. C. AP Subscript Upper Lequals0.50Upper L Superscript negative 0.50ModifyingAbove Upper K with caret Superscript 0.50. D. Both a and b. E. All of the above.
The average product of worker is a term of economy in which we identify the output per worker. This function enables to understand the output by each worker. The function can be written as
AP q/L
Where q is output and L is number of worker.
It enables to understand the average product of output over the input. The average product is useful to identify the production at specific level of input. This is a common measure for labor productivity.
The correct answer would be 278 and 5 percent, respectively. <span>In 1999, the bureau of labor statistics reported that 278 died from electrocutions at work, accounting for almost 5 percent of all on-the-job fatalities that year. Hope this answers the question. Have a nice day.</span>
in addition to the service charges applicable to the no frills account was substantially lower than that of the regular savings accounts as a result the zero balance requirement that most banks offered,the account became commonly known as ZERO BALANCE ACCOUNT.
