t is known that the production function of a commodity is: Q = 40X + 12X2 - 1.2X3 A. Calculate the number of input units X in order to achieve the maximum total product B. Calculate the number of input units X in order to achieve the maximum marginal product C. Calculate the number of input units X in order to achieve the maximum average product

t is known that the production function of a commodity is: Q = 40X + 12X2 - 1.2X3 A. Calculate the number of input units X in order to achieve the maximum total product B. Calculate the number of input units X in order to achieve the maximum marginal product C. Calculate the number of input units X in order to achieve the maximum average product

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 10SQ

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Known function is the production of a commodityQ = 40X + 12X2 - 1.2X3a. Calculate how many units of input X in order to achieve maximum total productb. Calculate how many units of input X in order to achieve maximum marginal productc. Calculate how many units of input X in order to achieve maximum average product
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