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In the short-run, we assume that capital is a fixed input and labor is a variable input, so the firm can increase output only

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Answer #1

Answer:

At L=6

q= (8L*29)+5L^2-(1/3)L^3

=(8*6*29)+5*6^2-(1/3)6^3

=1392+180-72

=1500.

At L=10

q= (8L*29)+5L^2-(1/3)L^3

  =(8*10*29)+5*10^2-(1/3)10^3

=2320+500-333.33

=2487

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