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Partial Differentiation in Production Functions

The document discusses partial differentiation and the Cobb-Douglas production function. It contains problems involving determining partial derivatives of multivariable functions, finding rates of change, and calculating the total derivative of a production function given rates of change in capital and labor.

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Oceana Mohan
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20 views2 pages

Partial Differentiation in Production Functions

The document discusses partial differentiation and the Cobb-Douglas production function. It contains problems involving determining partial derivatives of multivariable functions, finding rates of change, and calculating the total derivative of a production function given rates of change in capital and labor.

Uploaded by

Oceana Mohan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Partial Differentiation

1.

2.

3.

4.

2x + y ¶w
5. A function w is defined as w( x, y ) = ln , determine
x - 10 ¶x

6. Show that for f ( x, y ) = 4 x 2 + 3xy 2 + 7 x + 3 y

¶f ( x, y) æ ¶ 2 f ( x, y) öæ ¶ 2 f ( x, y) ö æ ¶ 2 f ( x, y) ö
6 - 10 = ç ÷ç ÷+ç ÷
¶y è ¶y
2
øè ¶y¶x ø è ¶x
2
ø
¶f
¶z ¶y , determine dz in terms of
7. Let f ( x, y, z ) = 3 yz 2 - e4 x cos 4 z - 3 y 2 - 4. Given that =-
¶y ¶f ¶y
¶z
x, y , z .
8. A firm measures production by the Cobb-Douglas production function
1 3
P(k (t ), l (t )) = 20k l
4 4

Where k is the capital (in millions of dollars) and l is the labour force (in thousands of dollars). Let l = 3
and k = 4 .

Assume that the capital is DECREASING at a rate of $200000 per year and the labour force is
INCREASING at a rate of 60 workers per year.

dP ¶P dk dP dl dP
Given that = x + x , calculate .
dt ¶k dt ¶l dt dt

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