Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Cobb-Douglas production function
Calculus
Chain Rule
Differentiation

Formulas

Q = 4K^(1/2)L^(1/2)
K(t, r) = 102/r
L(t, r) = 6t^2 + 250r
dQ/dt = d/dt [4K^(1/2)L^(1/2)]

Theorems

Product Rule
Chain Rule

Suitable Grade Level

College Level Economics/Calculus