Business, 09.12.2020 20:20 nickeh30

Joe owns a coffee house and produces coffee drinks under the production function q
=
5
×
K
×
L
=
5
K
L
q=5×K×L=5KL where
q
q is the number of cups generated per hour,
K
K is the number of coffee machines (capital), and
L
L is the number of employees hired per hour (labor). What is the average product of labor?

Answers: 3

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Joe owns a coffee house and produces coffee drinks under the production function q
=
5<...