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Hey there can someone help me on that question im stuck since 2 days ! Thanks !! 4. Production managers at a manufacturing facility estimate

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Hey there can someone help me on that question im stuck since 2 days ! Thanks !!

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4. Production managers at a manufacturing facility estimate their production function to be: TP = 9L+3L2L3 Where TP is the number of wind turbines, L is labour and K is capital. Illustrate your answers using diagrams. Label the values on the diagrams. (5 marks for graph) 3) What are the equations for APL and MPL? TP AP MP b) At what level of input does AP peak? c) At what level of input, do diminishing returns occur? (1) What is the maximum output that can be produced? 3. You have improved your marks this year and your parents are impressed and wish to reward you for your efforts. You have convinced them that your lifestyle (level of utility) should be 360,000 utils. Given your total utility function as TU = 20XY and the price of Y is $10 and the price of X is $50, what is the income you require to achieve a lifestyle of 360,000 utils. Show work. Optimal combination of Y and X: Y and X Required income to achieve 360,000 utils

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