Illustrate at what level of l do diminishing marginal return

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Q. what is the maximum amout you would pay for an asset that generates an income of 150,000 at the end of each of five years if the opportunity cost of using funds is 9 percent

Q. Consider the following short-run production function: q = 5L2 - 1/3L3. At what level of L do diminishing marginal returns begin? At what level of L do diminishing returns begin?

Reference no: EM1357017

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