Question: Excellence Company has the following total product function, with labor (L) as its only short run variable input: Q = 84L-11L2-2/3 L a. At

Excellence Company has the following total product function, with labor (L) as

Excellence Company has the following total product function, with labor (L) as its only short run variable input: Q = 84L-11L2-2/3 L a. At what L value will the MPL for this firm equal zero? b. What will be the maximum short run output the firm can produce? c. What L value corresponds to the maximum point of APL. d. What will be the numerical value of MPL when it is at its maximum?

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