At what level of l does diminishing returns set in

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Reference no: EM13146708

Suppose a business firm has production function Q=0.1KL+6KL^2-0.1KL^3. In the short-run capital is fixed at K=5. Derive the marginal and average product fuctions for this shor-run. At what level of L does diminishing returns set in? At what level of L does the marginal product equal the average product?

Reference no: EM13146708

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