(Table: Capital and Labor I) Which of the following statements is (are) TRUE?
A) At L = 1, marginal product is greater than average product.
B) At L = 3, the quantity of output produced per unit of labor is 82.2.
C) The additional output produced by using the second unit of labor is 86.6.
D) At L = 2, the APL = L/Q = 186.6.
Correct Answer:
Verified
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