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Find the marignal and average function for the total functions. Total product function: Q = aL + bL^2 - cl^3 (a,b,c > 0)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 1.1CE

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Question

Find the marignal and average function for the total functions.

Total product function:

Q = aL + bL^2 - cl^3

(a,b,c > 0)

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