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Figure 6.2.2 -Joe Owns a Coffee House and Produces Coffee Drinks Under

question 102

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  Figure 6.2.2 -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 Figure 6.2.2
-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?


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