Total product-average product and marginal product, Econometrics

Consider the following short run production function.

Q

0

15

35

60

90

115

135

150

160

165

167

168

L

0

1

2

3

4

5

6

7

8

9

10

11

Set up a table that includes the total product, average product and marginal product of labour. Is this production function consistent with diminishing returns?

 

 

Posted Date: 2/27/2013 7:46:03 AM | Location : United States







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