What is marginal product which labor to diminishing returns, Mathematics

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What is marginal product which labor to diminishing returns

Suppose the short-run production function for a particular product is represented by:

Q = 60,000L2 - 1,000L3

a. Find the marginal product and show mathematically that labor is subject to diminishing returns.

b. Beyond what labor usage, the marginal product becomes negative.

c. Show mathematically that when the average product is at maximum, marginal product is equal to it?

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Mathematics: What is marginal product which labor to diminishing returns

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Recent Questions Asked Mathematics

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Mathematics: What is marginal product which labor to diminishing returns

Reference No:- TGS0542379

Recent Questions Asked Mathematics

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