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Average product of labor curve and the marginal product

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The production function at Ginko.s Copy Shop is q = 1000 * Min(L; 3K); where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines.

(a) Draw the isoquants for q = 3000; q = 6000; and q = 9000 for this production function.

(b) Draw the total product of labor curve when K = 1.

(c) Draw the average product of labor curve and the marginal product of labor curve for this production function (again, let K = 1).

Reference no: EM132460799

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