Consider the short-run production function

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Reference no: EM13998759

Consider the following short-run production function: q = 5L^2 − 1/3L^3

(a) Derive a marginal product of labor.

(b) Derive an average product of labor.

(c) At what level of L is the average product of labor maximized? If necessary, assume that the level of L is strictly positive.

Reference no: EM13998759

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