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Suppose Zeta company has the following short-run production function, Q = -(1/3)L 3 + 8L 2 + 36L, where Q is output units per time
Suppose Zeta company has the following short-run production function, Q = -(1/3)L3+ 8L2+ 36L, where Q is output units per time period and L is the number of labor workers hired. Determine the boundaries of the three stages of production (i.e., Stage 1, Stage 2, and stage 3 in terms of L).
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