Illustrate at what value of x will diminishing returns set

Assignment Help Business Economics

Reference no: EM1364293

Given the Production Function: Q = 72X + 15X2 - X3, where Q = Output and X = Input

a. What is the Marginal Product (MP) when X = 8?

b. What is the Average Product (AP) when X = 6?

c. At what value of X will Q be at its maximum?

d. At what value of X will Diminishing Returns set in?

Reference no: EM1364293

Questions Cloud

Training to use new information system : best ensure that clinical workers are fully prepared to use a new information system effectively?

What plate separation is required for a parallel plate : What plate separation is required for a parallel plate.

Finding least risky and most risky project : A Corporation is planning three different capital projects. Each project will require the same amount of capital outflow.

Write program to compute diameter in centimeters : Write a program to compute the diameter in centimeters of a steel rod, an aluminum rod, and a copper rod, which can withstand a particular compression load.

Illustrate at what value of x will diminishing returns set : At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.

Expensive method of personnel selection : Traditional job interviews have demonstrated low validity and reliability,

Explain how does the current landscape of global hrm : Explain How does the current landscape of global HRM impact HR planning

Veterans healthcare administration : How do I formulate a plan to brand a product or service associated with Veterans healthcare Administration and to market online.

Resources between strategic and operational activities : How do you decide to allocate your time, staff and other resources between strategic and operational activities?

User Account

All Pages