The ABC Corporation produces just one product, widgets.
The company's new economist has calculated a short-run production function as follows:
Q = 7L + 0.6L^2 - 0.1L^3 .
Where Q is the number of widgets produced per day and L is the number of production workers working an eight-hour day.
Develop a production schedule with L equaling 1 to 10.
Calculate Average and Marginal product.