Suppose that the production function is q = L 0.50 0.50 What is the average product of labor AP , holding capital fixed at K? O A. AP, =L-0.5010.50 K O B. AP = q/L. O C. AP, = 0.50L - 0.50 0.50 K D. Both a and b. O E. All of the above.What is the marginal product of labor MP| ? ~0.50 MP, =050L 0K MP, =0.50(q/L). ~0.50 MP, =120k . ~0.50 MP, =L~ 020% Bothaandb. What are the AP, and MP| when R =167 When K =16, AP, =| |. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the * character.)