(3) A firms production function is Q(L) =15L² –0.1L , where output (Q) is a functior of a single input labour (L). (i) Find the number of workers required to maximize total product. (ii) For what number of workers is average product maximum?
(3) A firms production function is Q(L) =15L² –0.1L , where output (Q) is a functior of a single input labour (L). (i) Find the number of workers required to maximize total product. (ii) For what number of workers is average product maximum?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 64E
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