Question
2)Consider the following short-run production function (where L = variable input, Q = output) Q = 6L2 - 0.4L3 (2 and 3 are not numbers,
2)Consider the following short-run production function (where L = variable input, Q = output)
Q = 6L2 - 0.4L3 (2 and 3 are not numbers, its like an exponent to L, sorry don't know how to type like an exponent)
a)Determine the marginal product function (MPL)
b)Determine the average product function (APL)
c)Find the value of L that maximizes Q.
d) Find the value of L at which the marginal product function takes on its maximum value.
e) Find the value of L at which the average product function takes on its maximum value.
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Microbiology A Systems Approach
Authors: Marjorie Kelly Cowan
5th Edition
1259947963, 9781259947964
