Question

Previous All Markup OFF Translate Language New Delete Resolve Track Changes Markup Options Reviewing Accept Next Reject Compare Prote bility Comment 2. A firm can manufacture a product according to the following production function: Q=F (K, L) K6 L4 Where Q output K= capital L= labor Calculate the average product of labor (AP)) and Average Product of Capital (MPK) when capital is fixed at 90 and labor is 30. I

Answer 1

o=x0.60.4 Al = Q = X = (4) Ale (6=904 L=30) = (90000 1.93318 Alx = Q = tool ( 44 jou = (30) 0.4 0.644394 0.644394