Given the following short-run production function: Q = 50L + 6L2 - 0.5L3
Where Q = Quantity of output per week
L = Labor (number of workers engaged in production)
a) compute total, (TP); marginal, (MR) and average, (AP) products and determine the input level where diminishing returns begins. In completing the table, we are assuming that capital is held constant and given L values range from 0 - 10.