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    total product function

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    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. How many units of input L are required to maximize the total product function. How many are required to maximize the marginal product funtion and how many to maximize the average product function?

    © BrainMass Inc. brainmass.com March 4, 2021, 7:02 pm ad1c9bdddf

    Solution Preview

    Q = 6L2 R2 - 0.10 L3 R3
    When R = 10, The total product is
    Q = 6L2 *10^2 - 0.10 L3 *10^3 = 600L2 - 100 ...

    Solution Summary

    Steps are shown to maximize total product function.