(Step-by-Step) A short-run production was estimated as: Q = -0.002L 3 + 0.16L 2 At what level of labor usage does the maximum average product occur? What
Question: A short-run production was estimated as:
Q = -0.002L 3 + 0.16L 2
- At what level of labor usage does the maximum average product occur? What are the average product and total product at this level?
- What are the average product, marginal product and total product when 20 units of labor are used?
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