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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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