Amount of labour needed to minimize losses

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The following functions show the cost function of a firm C(L) = 0.1L3 - 0.25L2 + 30Q+100. The only input is labour and labour can produce according to the funtion Q = L/10

The demand function of the firm's good is Q = 100-P. Use first and second-order derivatives to find the amount of labour needed to minimize losses.

Reference no: EM132559569

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