Use the following data to answer the question. Inputs of Labor Total Product
0 0
1 8
2 18
3 25
4 30
5 33
6 34
7 32

The average product (AP) when two units of labor are hired is:

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.