Math Problem Statement
find the first order partial derivatives
Solution
The function in the image is:
To find the first-order partial derivatives of with respect to and , we'll treat each variable independently.
1. Partial Derivative of with respect to , denoted :
Since , applying the power rule to while treating as a constant:
Simplifying this expression:
2. Partial Derivative of with respect to , denoted :
Similarly, we differentiate with respect to , treating as a constant:
Simplifying this expression:
Summary of Partial Derivatives
The first-order partial derivatives are:
Would you like a further breakdown of these steps or have any specific questions?
Here are some additional questions you might find useful:
- What is the interpretation of these partial derivatives in economic terms?
- How would these partial derivatives change if the exponents of and were different?
- How do second-order partial derivatives of with respect to and look like?
- What happens to if we increase while keeping constant?
- How could you use these partial derivatives to determine the marginal product of labor and capital?
Tip: When differentiating functions with constants, focus on applying the power rule to variables of interest while treating other variables as constants.
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Math Problem Analysis
Mathematical Concepts
Partial Derivatives
Calculus
Power Rule
Formulas
Q = 10L^0.7 K^0.3
Partial derivative formulas for multivariable functions
Theorems
Power Rule for Differentiation
Suitable Grade Level
College Level - Calculus