(Appendix) A daily production function for calculators is Q = 12L2 - L3. Show all your work for the following questions.a) What is the marginal product equation for labor?b) What is the APL function?

What will be an ideal response?

a) MPL = 24L - 3L2;
b) APL = 12L - L2

Economics

Refer to above Table 2-2. The chain-weighted real GDP for year 2 is

A) $14.53. B) $14.49. C) $14.44. D) $16.61.

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Economics

Official reserve assets include all of the following EXCEPT

A) foreign currencies. B) gold. C) special drawing rights. D) gifts to foreign countries.

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Economics