Question #319989

Derrive marginal value product and average value product equation using the production function Y=2X+16X2-0.4X3

1
Expert's answer
2022-03-29T16:47:28-0400

The marginal value product and average value product equations are:

MP=Y′(X)=2+32X−1.2X2,MP = Y'(X) = 2 + 32X - 1.2X^2,

AP=Y/X=2+16X−0.4X2.AP = Y/X = 2 + 16X - 0.4X^2.


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