Given the Production Function Q = 72X + 15X2 - X3, where Q =Output and X=Input (5
marks)
a) W...
Business, 23.05.2021 20:10 victoriapellam04
Given the Production Function Q = 72X + 15X2 - X3, where Q =Output and X=Input (5
marks)
a) What is the Marginal Product (MP) when X = 8?
b) What is the Average Product (AP) when X = 6?
c) At what value of X will Q be at its maximum?
d) At what value of X will Diminishing Returns set in?
Answers: 2
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