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Compute the average product of labor

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Suppose that a person produces their own consumption good, G, using a production function G=5L, where L is the amount of labor time used. The person has 24 units of labor time available to them. Free time, denoted F, is the amount of time not used for labor.

Compute the average product of labor and show that it is constant.

Reference no: EM133259949

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