Suppose that the production function is
q=L⁰⁵⁰K⁰⁵⁰
What is the average product of labor APL, holding capital fixed at K?
A. APL =L-0.50 0.50
B. APL =q/L.
C. APL = 0.50L-0.50 0.50
D. Both a and b.
E. All of the above.