Answer to Question #241583 in Macroeconomics for Nancy gift

Question #241583

The equation of Tp2 of a term is specified as follows Tpl = 8l2 +bl2 +80l +500, determine Tp2 at l =2

Expert's answer

Tp2=8x2x2+bx2x2+80x2+500

Tp2=32+4b+160+500

Tp2=692+4b

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