Suppose you have the short run production function estimated

Question # 00659633 Posted By: dr.tony Updated on: 03/09/2018 06:11 AM Due on: 03/09/2018
Subject Economics Topic General Economics Tutorials:
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Suppose you have the short run production function estimated to be:


Y= 100 L+ 50 L2- 3L3


a. At what number of workers does Stage III begin?

b. At what number of workers does MPP reach its peak?

c. At what number of workers will output be maximized?

d. What level of output is the maximum?

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