LaughterLies
03.09.2019 •
Mathematics
Afirm’s short run production function is given by
q= 6l2– 0.2l3
where l denotes the number of workers.
what is a short run production function and why does it not include capital?
find the size of the workforce that maximizes output.
sketch a graph of the production function, labelling the key points.
what output maximizes the average output per worker?
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