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PaulKet PaulKet
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Posts: 488
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6 years ago
Ed's building company has the following production function
   q = 20L - L2
where q is the number of houses built and L is the quantity of labor Ed employs.
a.   Derive the MP and AP.
b.   For what values of L is the MP > 0? For what values of L is the MP diminishing?
c.   Draw the MP and AP on a graph.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 565 times
7 Replies
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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forrestforrest
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#1
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6 years ago
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PaulKet Author
wrote...
#2
5 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
wrote...
#3
4 years ago
This is the beat solution ever
wrote...
#4
4 years ago
thank you so much!
wrote...
#5
3 years ago
have an exam on saturday this will really help
wrote...
#6
3 years ago
thank u for this
wrote...
#7
3 years ago
d
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