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Question 4 (20 points) A firm has the following short-run production function as follows: Q = 15L + 18L2 – 0.5L}, where Q = t

4.3) (6 points) Determine the boundaries (ranges of number of workers) for the three stages of production process . Stage 1:

4.4) (8 points) Suppose that the price of a product is S1 per unit. How many workers will the firm hire to maximize profit if

Please answer these two sub-parts

10. The following data shows the number of different type of students that have received distinction or not Grade Course acco


please answer only 10. Chi Square one. Give Handwritten. Ignore all the above questions

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Answer #1

4:3) Giren data Q = 154f 18L2 -6.52 MPL 15 + 36L-1.5L2 al APL Q/L 15+ 1%-OSL2 stage MP JAP 15+36L-1.54 > 15+ IEL-O:5_2 I&L >2

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