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DiKsa [7]
3 years ago
7

A firm can manufacture a product according to the production function: Q = F(K, L) = K3/4L1/4. a. Calculate the average product

of labor, APL, when the level of capital is fixed at 81 units and the firm uses 16 units of labor.
Business
1 answer:
Bad White [126]3 years ago
4 0

Answer: 15.1875

Explanation: k = 81 units L = 16 units

(81 × 3/4) × (16÷4) = 243

Q =243

APL = Q / L

243 ÷ 16 = 15.1875 units of labour

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