Sun 12 Oct, 2014 01:43 pm
I am comparing productivities of two industries.
APK= Average Productivity of Capital
MPK= Marginal productivity of capital
APL= Average productivity of labour
MPL= marginal productivity of labour. 1 and 2 are the two industries/firms.
I have got the following results
1) APK1 >APK2
What is the interpretation of the above results? Which industry/business is more productive and be promoted? Urgent! Thank you.