For the following production functions find the MPP and APP functions and explain whether the law of diminishing returns hold in each function?

a$)$ y $=$ x$^0\mathrm{.}2$

b$)$ y $=$ x$^3$

c$)$ y $=6$x $-10$x$^2$

Answer rating: 100% (QA)

To find the Marginal Physical Product MPP and Average Physical Product APP functions for each produc... View the full answer