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Answer to Question #307422 in Microeconomics for Dilsha
Question #307422
Q = -L^3 + 5L^2 + 10L
Derrive MPL and APL
At what level of labor employment does the total production begin to decline ?
Expert's answer
MPL=(Q)'=-3L2+10L+10
APL=Q/L=-L2+5L+10
the total production begin to decline when MP=0
-3L2+10L+10=0
3L2-10L-10=0
D=(-10)2-4*(-10)*3=100+120=220
L=(10+14.83)/6=4.14
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#339914 on Dec 2023
#339914 on Dec 2023
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