Math Problem Statement

Find the derivative dK/dL for the equation 1000 = 1 * L^0.5 * K^0.5.

Solution

The problem asks for the derivative dKdL\frac{dK}{dL} from the equation:

1000=1L0.5K0.5.1000 = 1 \cdot L^{0.5} \cdot K^{0.5}.

This equation resembles a Cobb-Douglas production function, where LL and KK are inputs, raised to exponents of 0.5.

Let’s solve for dKdL\frac{dK}{dL} step-by-step.


Step 1: Express KK in terms of LL

We start by isolating KK in the equation:

L0.5K0.5=1000.L^{0.5} \cdot K^{0.5} = 1000.

Divide both sides by L0.5L^{0.5}:

K0.5=1000L0.5.K^{0.5} = \frac{1000}{L^{0.5}}.

Square both sides to remove the exponent on KK:

K=(1000L0.5)2.K = \left( \frac{1000}{L^{0.5}} \right)^2.

Simplify the right-hand side:

K=10002L=1,000,000L.K = \frac{1000^2}{L} = \frac{1,000,000}{L}.


Step 2: Differentiate KK with respect to LL

Now we apply the power rule for differentiation. The equation we have is:

K=1,000,000L1.K = 1,000,000 \cdot L^{-1}.

The derivative of KK with respect to LL is:

dKdL=1,000,000(1)L2.\frac{dK}{dL} = 1,000,000 \cdot (-1) \cdot L^{-2}.

Simplify:

dKdL=1,000,000L2.\frac{dK}{dL} = -\frac{1,000,000}{L^2}.


Final Answer

The derivative dKdL\frac{dK}{dL} is:

1,000,000L2.\boxed{-\frac{1,000,000}{L^2}}.


Would you like further details on any step?


Related Questions:

  1. What is the Cobb-Douglas production function and how is it used in economics?
  2. How do we perform implicit differentiation with multiple variables?
  3. What are the rules for differentiating functions with negative exponents?
  4. How do elasticity concepts relate to the Cobb-Douglas function?
  5. How does changing exponents affect the shape of production functions?

Tip: When differentiating a product or quotient involving exponents, rewrite the expression in a simpler form first. It makes differentiation much easier!

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Math Problem Analysis

Mathematical Concepts

Differentiation
Cobb-Douglas production function
Power Rule
Implicit Differentiation

Formulas

L^0.5 * K^0.5 = 1000
K = (1000 / L^0.5)^2
K = 1,000,000 / L

Theorems

Power Rule for differentiation

Suitable Grade Level

Undergraduate Economics or Calculus