The production function for good X exhibited in the table below is for the:Production Function for Good XL*KQMPK=(?Q/?K)APK=(Q/K)LaborCapitalOutputMarginal Product of CapitalAverage Product of Capital900----910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,016-3.227.4291202,945-7.124.54
A. short run, since L is the fixed input.
B. long run, since K is the variable input.
C. short run, since L is the variable input.
D. long run, since K is the fixed input.
Answer: A
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