finding the value of labour that maximizes the APL from a given short run production function

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ECON MATHS

ECON MATHS

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@faithzulu1937
@faithzulu1937 9 ай бұрын
Thanks sir you have made my work earlier.
@ishikasingh8110
@ishikasingh8110 2 жыл бұрын
Sir microeconomics question practice ke liye book suggests kijiye
@Shreedhar_Shukla
@Shreedhar_Shukla 9 ай бұрын
Satya Ranjan Chakraborty
@agrippamwafulirwa7771
@agrippamwafulirwa7771 7 ай бұрын
You are to start-up a commercial farm employing about 1000 employees (L) to produce. Help please product cassava (C) and pumpkins (P). The production function for cassava is given by 𝐶 = 100 + 4𝐿 − 0.02𝐿 2 and the production function for pumpkin is given by 𝑃 = 200 + 120𝐿 − 0.4𝐿 2 . The market price for cassava is MK25 per kg while the price of pumpkin is MK10 per kg. How will you allocate the 1000 employees to produce both cassava and pumpkin commercially and at the same time be able to maximize profit from each of the two products
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