Ed's building company has the following production function
q = 20L - L²
where q is the number of houses built and L is the quantity of labor Ed employs.
a.Derive the MP and AP.
b.For what values of L is the MP > 0? For what values of L is the MP diminishing?
c.Draw the MP and AP on a graph.

Question

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The Answer of Ed's building company has the following production function q = 20L - L² where q is the number of houses built and L is the quantity of labor Ed employs. a.Derive the MP and AP. b.For what values of L is the MP > 0? For what values of L is the MP diminishing? c.Draw the MP and AP on a graph.

Ed's Building Company Has the Following Production Function