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Nadusha1986 [10]
3 years ago
9

Suppose the production function is given by Q = 4K + 6L. What is the average product of capital when 10 units of capital and 5 u

nits of labor are employed? Group of answer choices
Business
1 answer:
Lana71 [14]3 years ago
3 0

Answer:

The average of the product of capital is 7

Explanation:

The average of the product of capital is computed by using this equation or formula :

AP = aK + bL / K

where

AP is Average Product

k is Capital, which is 10 units

L is Labor, which is 5 units

ak where a is the component which is 4

bL where b is the component which is 6

So, putting the values above in the formula:

AP = 4(10) + 6(5) / 10

AP = 40 + 30 / 10

AP = 70 / 10

AP = 7

Therefore, the average product is 7

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4 0
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Andalus Furniture Company has two manufacturing plants, one at Aynor and another at Spartanburg. The cost in dollars of producin
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9 in Aynor and 31 in Spartanburg

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we need to build the following:

    A              B           C

           units    COST

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Spartanburg 31           =147 + 20*B2 + POWER(B2;2)*3

             =b2 + b3   = c2 + c3

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changing cell b2 and b3

with the restriction that must be integer solution and b4 should equal 40

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