Question
A firm has the following production function:q = 5L + 10L^2 - 5L^3 Find the firm's MPL marginal production of labor, and APL average production
A firm has the following production function:q = 5L + 10L^2 - 5L^3
Find the firm's MPL marginal production of labor, and APL average production of labour.
What is the value of L when the APL is at its maximum value?
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
