A firms production function is Q(L) = 15L2 - 1L3 , where output (Q) is a function of a single input labour (L). Find the number of workers required to maximize total For what number of workers is average product maximum?

A firms production function is Q(L) = 15L2 - 1L3 , where output (Q) is a function of a single input labour (L). Find the number of workers required to maximize total For what number of workers is average product maximum?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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Question

A firms production function is Q(L) = 15L² - 1L³ , where output (Q) is a function of a single input labour (L).
- Find the number of workers required to maximize total

For what number of workers is average product maximum?

Expert Solution