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1a) Consider the production function Q = 0 + 6L + 5L 2 - .2L 3 . The range of labor covering Stage II of

1a) Consider the production function Q = 0 + 6L + 5L2- .2L3. The range of labor covering Stage II of production is ____ to ____. You can use a spreadsheet or otherwise to answer this question.

A. 6 to 12.
B. 12 to 20.
C. 26 to 34.
D. 36 to 45.
E. 48 to 56.

b) A firm's LRTC = 600Q - .5Q2 + .001Q3. At what level of output does the firm experience minimum efficient scale? This problem can be solved either by a spreadsheet, Excel Solver

or otherwise

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