Determine the marginal product function (mpl)

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Reference no: EM131325055

Consider the following short-run production function (where L = variable input, Q = output):

a. Determine the marginal product function (MPL).

b. Determine the average product function (APL).

c. Find the value of L that maximizes Q.

d. Find the value of L at which the marginal product function takes on its maximum value.

e. Find the value of L at which the average product function takes on its maximum value.

Reference no: EM131325055

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