The Average Product of Capital of Producing 2,991 Units of Output
Question 172
Question 172
Multiple Choice
The average product of capital of producing 2,991 units of output (find point B) in the table below is: Production Function far God XL∗ Labor 9999999999999K Capital 0102030405060708090100110120Q Output 0573246571,0721,5241,9762,3912,7242,9913,0483,0162,945MK=(ΔQ/ΔK) Product of Capital −5.726.733.341.545.245.241.533.3A5.7−3.2−7.1MPK=(Q/K) Mverage Product of Capital −5.7016.20B26.8030.4832.9334.1634.0533.2330.4827.4224.54
A) 11.1. B) 21.9. C) 37. D) 73.
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