A firms short-run production function is given by Q = 30L 2 0.5L 3 Find the
Question:
A firm’s short-run production function is given by
Q = 30L2 − 0.5L3
Find the value of L which maximises APL and verify that MPL = APL at this point.
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AP301051 dAPL dz Step 1 d APL 1 0 so ...View the full answer
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