Explore BrainMass

Explore BrainMass

    Deriving average production function

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A certain production process employs two inputs - labor (L) and raw materials (R). Output (Q) is a function of these two inputs and is given by the following relationship:

    Q = 6L2 R2 - .10L3 R3.

    Assume that raw materials (input R) are fixed at 10 units. The total product function (TPL) for input L is Q = 600L2 - 100L3 , what is the average product function for input L.

    a. Q = 600L - 100L2

    b. Q = 1200L - 300L2

    c. Q = 600L2 - 100L3

    d. Q = 600L - 100R2

    © BrainMass Inc. brainmass.com October 9, 2019, 6:06 pm ad1c9bdddf

    Solution Summary

    How to derive average production function using total production function is given in this solution