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2. An economist for a widget company estimated the following short term production function.

Q = 7 V + 0.6 V² - 0.1 V³

Where Q is the number of widgets produced per day and V is the number of production workers working and 8 hour day.

a. Develop a production function with V = 0, 1, 2,.................. 10
b. Calculate the average and marginal products using the data in 'a" above.
c. Draw the graphs and identify the three stages (if any).
d. Calculate the AP and MP mathematically and identify the three stages.

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