Refer to the production function. The average product at 5 units equals ________ units
Fill in the blank(s) with correct word
To get the average product, divide the total product equation by X and substitute 5 for X
Thus the average product equation becomes:
If Y = 10X + 20 X2 - X3
APy = 10 + 20X - X2
At 5, APy = 10+ 20(5 ) - (5 )2
= 10 + 100 - 25
= 85 units
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