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Using the following production function Y = 12X^2 - 2X^3 to answer the following questions. a. Find the APP equation. b. Find the MPP equation.

Using the following production function Y = 12X^2 - 2X^3 to answer the following questions.

a. Find the APP equation.

b. Find the MPP equation.

c. At what level of Y will APP, and MPP reach its maximums (Hint: find X where each equation has the maximum value first)?

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