Q = F(K,L) = (5, 10) = 10,000units Calculate the average product of labor, APL, and APk,

Question

Question

Q = F(K,L) = (5, 10) = 10,000units
Calculate the average product of labor, APL, and APk,

Answer 1

Answer #1

Sinces Average Product abor total product Labor (APL) 10000 - 1000 Average product & total produel Capitated Capital 1oooo =

Answer 2

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q=L^{0.50}K^{0.50} Assuming K=\bar K q=L^{0.50}\bar {K}^{0.50} \therefore AP_L=\frac{q}{L}=\frac{L^{0.50}\bar {K}^{0.50}}{L}=L^{-0.50}\bar {K}^{0.50} Therefore, the correct option is D....

q=L^{0.50}K^{0.50} Assuming K=\bar K q=L^{0.50}\bar {K}^{0.50} \therefore AP_L=\frac{q}{L}=\frac{L^{0.50}\bar {K}^{0.50}}{L}=L^{-0.50}\bar {K}^{0.50} Therefore, the correct option is D. Both a and b: APL = L^-0.50 K(constant)^0.50. APL= q/L. Can you explain how L^-0.50 became negative, I've been trying to figure it out.