# Answer to Question #44024 in Other Economics for farhan

Question #44024

The Noble Widget Corporation produces just one product, widgets. The company's new economist has calculated a short-run production function as follows:

Q= 7V+0.6V²-0.1V³

where Q is the number of widgets produced per day and V is the number of production workers working an 8-hour day.

a.Develop a production schedule with V equaling 1 to 10 .

b.Calculate average and marginal products.

c. Draw a graph.

Q= 7V+0.6V²-0.1V³

where Q is the number of widgets produced per day and V is the number of production workers working an 8-hour day.

a.Develop a production schedule with V equaling 1 to 10 .

b.Calculate average and marginal products.

c. Draw a graph.

Expert's answer

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