ODU MyOdu | Main viev X ( Case Study Instruc X Case Study Instruc X MB Home | Market Bas X * Course Hero X + X C A @ File | C:/Users/Veteran/Downloads/ECO%20607%20Final%20Exam-1.pdf . . . 4 of 5 + Page view | A Read aloud | T Add text | V Draw ~ Highlight Erase| 7. Answer the following Production Function Questions. Show all work! The average product of capital of producing 2,991 units of output (find point B) in the table below is: Production Function for Good X L K Q MPK=(AQ/AK) APK = (Q/K) Marginal Average Labor Capital Output Product of Product of Capital Capital 0 0 10 57 5.7 5.70 20 324 26.7 16.20 30 657 33.3 B 40 1,072 41.5 26.80 50 1,524 45.2 30.48 60 1,976 45.2 32.93 2,391 41.5 34.16 2,724 33.3 34.05 2,991 33.23 100 3,048 5.7 30.48 110 3,016 -3.2 27.42 120 2.945 -7.1 24.54 Suppose the production function is given by Q = 3K + 4L. What is the average product of capital when 10 units of capital and 10 units of labor are employed? Type here to search w 52F Clear ~ 9 0 ( ) 9:25 PM 2/28/2023