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how do i compute the short run total product, average product of labor and marginal product of labor given the production function:Q=2K*(10L-L^2)if Q = number of tasksK= number of machinesL= number of workers

A store providing copy and prrin services has 5 copy machines and due to limited space will not be able to add any additional machines during the next 6 months. The store needs to hire employees in order to operate the machines. (All working fixed amounts per week)

Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.

Microeconomics, Economics

  • Category:- Microeconomics
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