Question: Q5. Given the following short-run production function (x = variable input, Q = output): Q = 3x2 - 0.1x3 (a) Determine

Q5. Given the following short-run production function (x = variable input, Q = output): Q = 3x2 - 0.1x3

(a) Determine the marginal product function (MPx) and the average product function (APx ).

(b) Find the value of x that maximizes Q.

(d) Find the value of x for which APx is maximum.

(e) Determine the boundaries of the three stages of production.

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