Refer to the production function. The average product at 5 units equal

Refer to the production function. The average product at 5 units equals ________ units.

Fill in the blank(s) with correct word

ANSWER

To get the average product, divide the total product equation by X and substitute 5 for X

Thus the average product equation becomes:
If Y = 10X + 20 X2 – X3
APy = 10 + 20X – X2
At 5, APy = 10+ 20(5 ) – (5 )2
= 10 + 100 – 25
= 85 units