Calculate the average and marginal product

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The ABC Corporation produces just one product, widgets.

The company's new economist has calculated a short-run production function as follows:
Q = 7L + 0.6L^2 - 0.1L^3 .

Where Q is the number of widgets produced per day and L is the number of production workers working an eight-hour day.

Develop a production schedule with L equaling 1 to 10.

Calculate Average and Marginal product.

Reference no: EM13239641

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