Suppose that a firm's production function is Q = F(L) = -2L 3 - 200L 2 +
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Question:
Suppose that a firm's production function is
Q = F(L) = -2L3- 200L2+ 5,000L.
Its marginal product of labor is
MPL= -6L2- 400L +5,000.
At what amount of labor input are the firm's average and marginal product of labor equal (other than atL= 0)?
Instructions:Enter your answer as a whole number.
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