Holding labor constant at 2 units, the average productivity of three units of capital is
A) 8.
B) 12.
C) 21.
D) 24.

Name: Holding labor constant at 2 units, the average productivity of three units of capital is A) 8. B) 12. C) 21. D) 24.
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Quizplus · Accepted Answer

Average productivity is calculated by dividing total output by the number of units of input. If labor is constant at 2 units and the total output with 3 units of capital is 24, then average productivity is 24/3 = 8.

Holding Labor Constant at 2 Units, the Average Productivity of Three