The productivity of a country is given by f(x,y)=14.41x0.427y0.573, where x is the amount of labor and y is the amount of capital. (A) Find fx(x,y) and fy(x,y). (B) Find fx(69,54) and fy(69,54), and interpret the results.
The productivity of a country is given by f(x,y)=14.41x0.427y0.573, where x is the amount of labor and y is the amount of capital. (A) Find fx(x,y) and fy(x,y). (B) Find fx(69,54) and fy(69,54), and interpret the results.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The productivity of a country is given by
f(x,y)=14.41x0.427y0.573,
where x is the amount of labor and y is the amount of capital.(A) Find fx(x,y) and fy(x,y).
(B) Find fx(69,54) and fy(69,54), and interpret the results.
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