Question: Given the Production Function Q = 72X + 15X2 - X3, where Q = Output and X = Input a. What is the Marginal Product
Given the Production Function Q = 72X + 15X2 - X3, where Q = Output and X = Input
a. What is the Marginal Product (MP) when X = 8?
b. What is the Average Product (AP) when X = 6?
c. At what value of X will Q be at its maximum?
d. At what value of X will Diminishing Returns set in?
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