Suppose a firm faces the following average and marginal products of labor: APL=50+2L-0.05L2 MPL 50+4L-0.15L² At what value of labor does Stage III of production begin? O a. 13.3 Ob. 35.9 OC. 0.0 Od. 20.0 Oe. 57.4
Suppose a firm faces the following average and marginal products of labor: APL=50+2L-0.05L2 MPL 50+4L-0.15L² At what value of labor does Stage III of production begin? O a. 13.3 Ob. 35.9 OC. 0.0 Od. 20.0 Oe. 57.4
Chapter1: Making Economics Decisions
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![Suppose a firm faces the following average and marginal products of labor:
APL=50+2L-0.05L²
MPL 50+4L-0.15L²
At what value of labor does Stage III of production begin?
O a. 13.3
Ob. 35.9
OC. 0.0
d. 20.0
O e. 57.4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa25a5608-61c6-42e4-befd-af37f264c80d%2F3c132980-7254-49d4-bfc5-8cd5a49630d9%2Fcagq51_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose a firm faces the following average and marginal products of labor:
APL=50+2L-0.05L²
MPL 50+4L-0.15L²
At what value of labor does Stage III of production begin?
O a. 13.3
Ob. 35.9
OC. 0.0
d. 20.0
O e. 57.4
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