Answer to Question #334607 in Calculus for Jeff

Question

A firm’s short run production function is given by Q=12L²-½L³ where L denotes the number of workers.

(a) Find the size of the workforce that maximizes output and hence sketch a graph of this production function.

(b) Find the size of the workforce that maximizes the average product of labour, APL Calculate MPL and APL at this value of L. What do you observe?

Answer 1

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