What amount of labor input are the firm''s average equal

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Reference no: EM131161041

Suppose that a firm's production function is Q = F(L) = L³ - 200L² + 10,000L. Its marginal product of labor is MPL = 3L²- 400L + 10,000. At what amount of labor input are the firm's average and marginal product of labor equal? Confirm that the average and marginal product curves satisfy the relationship discussed in the text.

Reference no: EM131161041

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