Homework Answers
ANSWER: C
39 and 13, respectively
Average Physical Product(APP)= Total Product(TP)/ Output
APP at 2 units of labor=12=TP at 2 units of labor/2
TP at 2 units of labor=12*2=24
Marginal Product(MP) at 3 units of labor=15
Hence, TP at 3 units of labor is 24+15=39
APP=TP at 3 units of labor/Output=39/3=13
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