Answer to Question #220909 in Economics for Bita

Question #220909

0.2L+4L²-2L^3.What is the average product and mariginal product of this production equation

Expert's answer

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

"AP = Q\/L = 0.2 + 4L - 2L^2,"

"MP = Q'(L) = 0.2 + 8L - 6L^2."

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. A shop sells electric bulbs which it imports from Japan in lots of 1000 bulbs. Fromexperience, the s
2. The income elasticity of the demand for shoes is 0,6. Shoes are A. an inferior and necessary good
3. If Shelly’s income increases by 10% and at the same time there is a 2% decrease in her quantity de
4. 1. If the supply and demand functions are given by and , respectively, find the equilibrium price
5. The cross elasticity of demand between a McDonalds burger and a Nandos burger is A. negative becau
6. With the help of examples, explain why different economic decision makers face the problem of scar
7. If the cross elasticity of demand between two goods is negative, A. one of the goods must be a nec