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

question 16

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 4 units.
a. AP decreases after ______ units of labor. MP decreases after ______ units of labor.
b. At L = 2, AP = ______ and MP = ______.
c. At L = 3, AP = ______ and MP = ______.
d. At L = 4, AP = ______ and MP = ______.

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Definitions:

Lean Business Model

A lean business model focuses on creating more value for customers with fewer resources by minimizing waste and optimizing processes.