Question
The production function for calculators is Q = 12L^2 - L^3, where Q is calculators/day and L is labour-days/day. What is the value of the
The production function for calculators is Q = 12L^2 - L^3, where Q is calculators/day and L is labour-days/day. What is the value of the average product of labour when L=5 ?
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The average product of labor is given by the formula Average Product of Labor Q L Sub...
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
