Find the value of l at which the average product function, Econometrics

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Find the value of l at which the average product function

Consider the following short-run production function (where L = variable input, Q = output):

a. Determine the marginal product function (MPL).

b. Determine the average product function (APL).

c. Find the value of L that maximizes Q.

d. Find the value of L at which the marginal product function takes on its maximum value.

e. Find the value of L at which the average product function takes on its maximum value.

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Econometrics: Find the value of l at which the average product function

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Econometrics: Find the value of l at which the average product function

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