Question #220909

0.2L+4L2-2L3. What is the average product and mariginal product of this production equation


1
Expert's answer
2021-07-28T14:20:03-0400

The average product and mariginal product of this production equation are:

AP=Q/L=0.2+4L−2L2,AP = Q/L = 0.2 + 4L - 2L^2,

MP=Q′(L)=0.2+8L−6L2.MP = Q'(L) = 0.2 + 8L - 6L^2.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!
Our fields of expertise
10 years of AssignmentExpert
LATEST TUTORIALS
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023