Question: Consider the vectors below for a constant input, capital (K), and a variable input, labor (L). K L 3 5 3 6 3 7 3

Consider the vectors below for a constant input, capital (K), and a variable input, labor (L). K L 3 5 3 6 3 7 3 8 3 9 3 10 3 11 3 12 3 13 3 14 3 15 3 16 3 17 3 18 3 19 3 20 The production function is given as: Q=0.33*K0.25*L0.75, where Q is the hourly output per line. Given the above inputs vector, the minimum amount of production is _____ units (per hour, per line). Note: Round your answer to two decimal points. Given the information in Question No. 1, the maximum amount of production is _____ units (per hour, per line). Note: Round your answer to two decimal points. Given the information in Question No. 1, the minimum amount of marginal product of labor is _____ units. Note: Round your answer to two decimal points. Given the information in Question No. 1, the minimum amount of marginal product of labor is _____ units. Note: Round your answer to two decimal points. Given the information in Question No. 1, the maximum amount of marginal product of labor is _____ units. Note: Round your answer to two decimal points. Consider the information in Question No. 1. Plotting the marginal productivity of labor (MPL) in a coordinate system with L on horizontal axis and MPL on vertical axis, the marginal productivity of labor is a: Group of answer choices fully concave curve with upward- and downward-sloping portions. fully convex with downward- and upward-sloping portions. downward-sloping curve. upward-sloping curve. Consider the information in Question No. 1. The average product of labor (APL) is: Group of answer choices also upward-sloping. fully concave curve with upward- and downward-sloping portions, unlike MPL. also fully concave curve with upward- and downward-sloping portions. upward-sloping, unlike MPL. downward-sloping, unlike MPL. also downward-sloping. fully convex with downward- and upward-sloping portions, unlike MPL. also fully convex with downward- and upward-sloping portions

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