3. Consider the following short run production function: Q = 6L2 0.4L3 a) Find the value of...
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Question:
3. Consider the following short run production function:
Q = 6L2 0.4L3
a) Find the value of L that maximizes output
b) Find the value of L that maximizes marginal product
c) Find the value of L that maximizes average product
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