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