When labor usage is at 12 units, output is 36 units. From this we may infer that Group of answer choices the marginal product of labor is 3. none of these options is correct the total product of labor is 1/3. the average product of labor is 3.

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?