SOLUTION AT My Australian Academy

illustrate that the marginal product of labor depends on the amount

illustrate that the marginal product of labor depends on the amount

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.3.375

What is the average product of labor when the firm uses 256 units of labor?.422

b. Find an expression for the marginal product of labor, MPL, when the amount of capital is fixed at 81 units.Instruction: The second response is the exponent on L in the expression. Round your responses to 2 decimal places.MPL =*L2*L^3^Then, illustrate that the marginal product of labor depends on the amount of labor hired by calculating the marginal product of labor for 16 and 81 units of labor.Instruction: Round your responses to 3 decimal places.MPL when L = 16:

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