The output Q at a certain factory is a function of the number L of worker-hours of
Question:
The output Q at a certain factory is a function of the number L of worker-hours of labor that are used. Use calculus to prove that when the average output per worker hour is greatest, the average output is equal to the marginal output per worker-hour. You may assume without proof that the critical point of the average output function corresponds to the desired absolute maximum.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted: