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Collecting data on an existing firm actual short-run ouput

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Suppose, after collecting data on an existing firm's actual short-run ouput, the following production function is found to match the data:

TP = Q = 5*L + 0.6*L2 - 0.01*L3

1. Using the equation above, find the following equations and complete the table below (Round correctly to 0 decimals for TP and 2 decimals for APL and MPL)

a. APL =

b. MPL =

Reference no: EM132134324

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