Question: calculate average product for missing on the table ? Questi t-run, we assume that capital is a fixed input and labor is a variable input,

calculate average product for missing on the table ?

calculate average product for missing on the table ? Questi t-run, we

Questi t-run, we assume that capital is a fixed input and labor is a variable input, so the firm can increase by increasing the amount of labor it uses. In the short-run, the firm's production function is q = f(L, K). Production output, L is workers, and K is the fixed number of units of capital. Average Labor Output or Marginal Product Product Product pecific equation for production: 249 249 9 = 8LK + 512 - 3)13 ON to be N 1,019 261 255 1,548 265 K = 30, 2,069 261 259 2567 249 257 Im 3,024 229 9 = (8L x30) + 512 - te the Average Product = ter the values in the table to the right. (Round your answers to the nearest integer.)

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