Consider the production function Q = K0.5L0.5 where K is capital and L is labor. Suppose capital is fixed at 400 in the short-run. What is the marginal product of labor, MPL?
Consider the production function Q = K0.5L0.5 where K is capital and L is labor. Suppose capital is fixed at 400 in the short-run. What is the average product of labor, APL?