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In the short​ run, we assume that capital is a fixed input and labor is a variable​ input, so the firm can increase output only by increasing the amount of labor it uses. In the​ short-run, the​ firm's production function is q = f (L, K), where q is​ output, L is​ workers, and K is the fixed number of units of capital.

A specific equation for the production function is given​ by:

q= 8KL + 5L² - (1/3)L³
or, when K = 27,
q= (8x 27xL) + 5L² - (1/3)L³.

Required:
1) The level of output q for 6 units of labor input is ______. (enter your response rounded up to two decimal places).
2) The average productivity of these 6 units of labor is ______.(enter your response rounded up to two decimal places)
3) The marginal productivity of using one more unit of labor input is ______. (enter your response rounded up o two decimal places).
4) Given the relationship between the average productivity and the marginal productivity, the average productivity of labor is ______.

User Marc Tulla
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Answer:

hi just substitute value friend

User Chandan Pasunoori
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