Use the Following Table, Showing the Total Output Produced with Various

question 94

Short Answer

Use the following table, showing the total output produced with various levels labor and each of two levels of capital to answer the questions.
Units of Capitel
$\begin{array}{l}\text { Units of }\\\begin{array}{ccc}\text { Labor } & \mathrm{K}=2 & \mathrm{~K}=4 \\\hline 1 & 20 & 40 \\2 & 50 & 100 \\3 & 70 & 140 \\4 & 80 & 160\end{array}\end{array}$
-When capital is fixed at 2 units
a. AP decreases after the ______ unit of labor. MP decreases after the ______ unit of labor.
b. At L = 2, AP = ______ and MP = ______.
c. At L = 3, AP = ______ and MP = ______.
d. At L = 4, AP = ______ and MP = ______.

Identify the role and authority of administrative agencies in the regulatory process.

Explain the impact of special interest groups on the creation of public policy.

Understand the nature and significance of external political advocacy.

Comprehend the formation and importance of common law.

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