Suppose the production function is given by Q = 4K + 6L. What is the average product of capital when 10 units of capital and 5 units of labor are employed? Group of answer choices

The average of the product of capital is 7

Explanation:

The average of the product of capital is computed by using this equation or formula :

AP = aK + bL / K

where

AP is Average Product

k is Capital, which is 10 units

L is Labor, which is 5 units

ak where a is the component which is 4

bL where b is the component which is 6

So, putting the values above in the formula:

AP = 4(10) + 6(5) / 10

AP = 40 + 30 / 10

AP = 70 / 10

AP = 7

Therefore, the average product is 7

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