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please help Let Q(L) = 6L2 - (L3)/6 with costs = 300 + 100L. a. Complete the table TABLE: Column 1: Labour input from 1-24
please help
Let Q(L) = 6L2 - (L3)/6 with costs = 300 + 100L.
a. Complete the table
TABLE: Column 1: Labour input from 1-24 Column 2: Output resulting from L: Q(L) E 6L2 - (L3)/6 Column 3: Average Product of Labour APL Q/L Column 4: Marginal Product of Labour: MP E AQ/AL Column 5: Cost: COST E 300 + 100L Column 6: Average Cost: AC E COST/Q Column 7: Average Cost: AVC (COST-300)/Q Column 8: Marginal Cost: MC AC/AQ 2 3 4 5 6 7 8 Q AP MP COST AC AVC MC 0 0 300 N 3 5 8 9 10Step by Step Solution
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