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    Economics :production function

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

    Q= 12x + 10x squared - x to the third power

    Where Q = Output and X = Input, then calculate the equations for

    a. average product
    b. marginal product
    c. point of diminishing average returns
    d. point of diminishing marginal returns

    © BrainMass Inc. brainmass.com October 9, 2019, 6:06 pm ad1c9bdddf
    https://brainmass.com/economics/production/economics-production-function-78474

    Solution Preview

    Hello

    See the word file for calculations and equations. See excel file for graphs.

    Q= 12x + 10x squared - x to the third power

    Where Q = Output and X = Input, then calculate the equations for

    a. average ...

    Solution Summary

    Word file contains calculations and equations for average product , marginal product , point of diminishing average return and point of diminishing marginal return. See excel file for graphs.

    $2.19