This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the production function. The average product at 5 units equals ________ units. Fill in ... (Read 72 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Refer to the production function. The average product at 5 units equals ________ units.
 
  Fill in the blank(s) with correct word

Question 2

Refer to the production function. The marginal product at 5 units equals ________ units.
 
  Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kiamars2010

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

To get the average product, divide the total product equation by X and substitute 5 for X

Thus the average product equation becomes:
If Y = 10X + 20 X2 - X3
APy = 10 + 20X - X2
At 5, APy = 10+ 20(5 ) - (5 )2
= 10 + 100 - 25
= 85 units

Answer to Question 2

To obtain the marginal product at 5 units, take the first derivative and substitute 5 for X

Y = 10X + 20X2 - X3
dy/dx = 10 + 40(X) - 3X2
= 10 + 40(5 ) - 3(5 )2
= 10 + 200 - 75
= 135 units


anjilletteb

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Gracias!

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Function and structure of aquaporin Function and structure of aquaporin
Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg Negative control of a repressible set of genes: function of the trp repressor and corepressor in reg
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
How to use the quotient rule to find the derivative of a function How to use the quotient rule to find the derivative of a function
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Posterior pituitary function Posterior pituitary function
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library