Answer to Question #319989 in Economics for Scofield

Question #319989

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

Expert's answer

The marginal value product and average value product equations are:

"MP = Y'(X) = 2 + 32X - 1.2X^2,"

"AP = Y\/X = 2 + 16X - 0.4X^2."

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