Question
Imagine your firm has short run production function q = -0.05L 3 + 15L 2 + 30L.At what value of L is the average product
Imagine your firm has short run production function q = -0.05L3+ 15L2+ 30L.At what value of L is the average product maximized?
Imagine your firm has short run production function q = -0.01L3+ 2L2+ 40L and is operating at the level L = 100. What is the average product?
Imagine your firm has short run production function q = -L3+ 5L2+ 12Land is operating at the level L = 1.5. What is the marginal product?
Imagine your firm has short run production function q = -0.05L3+ 15L2+ 30L and is operating at the level L = 120. What is the marginal product?
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