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Derivative
Q=A(t) K^α L^β, where A(t) is the increasing function of time (A.C. Chaing)
Q=A(t) K^α L^β, where A(t) is the increasing function of time (A.C. Chaing)
Rohan Byanjankar
July 10, 2020
Find the rate of change of output with respect to time, if the production function is
Q=A(t) K^α L^β, where A(t) is the increasing function of time, and K=K
_{0}
+at and L=L
_{0}
+bt
(Mathematical Economics by A.C. Chiang Exercise 8.4 (4))
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