Find out the average product function for input l determine

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Reference no: EM13395229

A certain production process employs only labor (L). Output (Q) is a function of labor given by the following relationship: (30 Points)

Q = 600L² - 100L³

where MPL = 1200L - 300L²

(a) Determine the average product function for input L.

(b) Find the number of units of input L that maximizes the total product function.

(Hint: set MPL equal to zero and solve for L.)

(Hint: set MPL equal to the APL equation found in part "a" and solve for L.)

Reference no: EM13395229

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