A firm has the following production function: f(x) = ax? – bx³, where x is the only input, a=2 and b=0.3. For x>0, the average product is increasing until x=. (Answer up to 2 decimal places.)


A firm has the following production function:<br>f(x) = ax? – bx³,<br>where x is the only input, a=2 and b=0.3. For x>0, the average product is increasing<br>until x=.<br>(Answer up to 2 decimal places.)<br>

Extracted text: A firm has the following production function: f(x) = ax? – bx³, where x is the only input, a=2 and b=0.3. For x>0, the average product is increasing until x=. (Answer up to 2 decimal places.)

Jun 11, 2022
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