7. A firm’s short-run production function is given by

a. Sketch the production function.

b. Find the maximum attainable production. How much labor is used at that level?

c. Identify the ranges of L utilization over which the marginal product of labor is increasing and decreasing.

d. Identify the range over which the marginal product of labor is negative.

Transcribed Image Text:

for 0 L2 and Q-3L-L2 for 2