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(1) A company production function Is Q = 15K^1.7 L^1.3, + K^3 + 5^3, where Q is the quantity produced, L is the number of units of labour and K is the number of units of capital (II) Calculate the value of A so that: LƏQ/ƏL+ KƏQ/Ək = AQ

(1) A company production function Is Q = 15K^1.7 L^1.3, + K^3 + 5^3, where Q is the quantity produced, L is the number of units of labour and K is the number of units of capital (II) Calculate the value of A so that: LƏQ/ƏL+ KƏQ/Ək = AQ

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I coudn't solve these problems, could you provide full workout and correct solution. Greatly Appreciated!

Q1 (1) A company production function Is Q = 15K^1.7 L^1.3, + K^3 + 5^3, where Q is the quantity produced, L is the number of units of labour and K is the number of units of capital (II) Calculate the value of A so that: LaQ/aL+ KƏQ/Ək = AQ
Transcribed Image Text:Q1 (1) A company production function Is Q = 15K^1.7 L^1.3, + K^3 + 5^3, where Q is the quantity produced, L is the number of units of labour and K is the number of units of capital (II) Calculate the value of A so that: LaQ/aL+ KƏQ/Ək = AQ
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How do you partial differentiate Q = 15K^1.7L^1.3 + K^3 + 5^3 alone? If you were to exclude the second question

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