Short Answer
Use the following table, showing the total output produced with various levels labor and each of two levels of capital to answer the questions.
Units of Capitel
-When capital is fixed at 2 units
a. AP decreases after the ______ unit of labor. MP decreases after the ______ unit of labor.
b. At L = 2, AP = ______ and MP = ______.
c. At L = 3, AP = ______ and MP = ______.
d. At L = 4, AP = ______ and MP = ______.
Correct Answer:

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a. second; second
b....View Answer
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Correct Answer:
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b....
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