Math Problem Statement

Consider the following short-run production function (where L = variable input, Q = output): Q = 6L^2 - 0.4L^3. Determine the marginal product function (MPL).

Solution

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Math Problem Analysis

Mathematical Concepts

Calculus
Differentiation
Marginal Product of Labor

Formulas

Marginal Product of Labor (MPL) = dQ/dL
MPL = 12L - 1.2L^2

Theorems

Power Rule of Differentiation

Suitable Grade Level

College Economics or Advanced High School (Grades 11-12)