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corie corie
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6 years ago
Joe owns a coffee house and produces coffee drinks under the production function q = 5KL where q is the number of cups generated per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor).  What is the average product of labor?
A) AP = 5
B) AP = 5K
C) AP = 5L
D) AP = 5K/L
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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corie Author
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6 years ago
Thank you, thank you, thank you!
njn;l
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Yesterday
Thanks
annabananerz
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2 hours ago
Just got PERFECT on my quiz
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