Final answer:
The function G(L, c) = 2 signifies fixed production output with both labor and capital fixed. APL refers to Average Physical Labor. MP2 likely refers to either Marginal Product of Labor or Marginal Product of Capital, depending on context which is not provided.
Step-by-step explanation:
The function G(L, c) = 2 in the context of production represents fixed production output. This is an aggregate production function where output is constant regardless of variations in labor (L) or capital (c). In this case, it's indicating that the production output is fixed at a value of 2, which could pertain to any homogenous unit of output, such as goods produced.
As the function G(L, c) = 2 implies a constant output, the variables that are assumed to be fixed are both labor and capital. This means that changes in labor or capital won't affect the output, which remains constant at 2.
APL stands for Average Physical Labor in the context of a production function. APL is used to assess the average output per unit of labor employed.
As for MP2, without additional context, it's unclear what this represents. Typically, MP refers to Marginal Product, which could be the Marginal Product of Labor or the Marginal Product of Capital, depending on whether the subscript refers to the second variable in a production function or the second unit of input.