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Product according to the production function

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Reference no: EM131426863

A firm can manufacture a product according to the production function:

Q = F(K,L) = K3/4L1/4.

a. Calculate the average product of labor, APL, when the level of capital is fixed at 81 units and the firm uses 16 units of labor.

Instruction: Round your responses to 3 decimal places.

Reference no: EM131426863

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