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Good day Please assist with the following question Assume a firm produces televisions according to = ( 4) 2 + 20 a) Plot this total
Good day
Please assist with the following question
Assume a firm produces televisions according to = ( 4) 2 + 20
a) Plot this total product curve for L>0.
b) For which values of L is the marginal product function equal to zero?
c) Graph this marginal product function for all L>0.
d) Assuming the marginal cost of production is constant, what does this suggest about the shape of the marginal cost curve?
Thank You
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