What is the marginal product, Macroeconomics

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What is the marginal product

Given the production function: q= 72x+15x2-x3 where Q= output and x= input

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?

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Macroeconomics: What is the marginal product

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Macroeconomics: What is the marginal product

Reference No:- TGS060948

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: What is the marginal product

Reference No:- TGS060948

Recent Questions Asked Macroeconomics

Q : Calculate the variable costs

Q : Book value of the remaining bonds

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