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Orion2
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Production function Q(K,L) without equation
However partial derivatives are given
Partial derivatives:
Q(K,L) = (K^2 - KL + L^2)/(K+L) + 4K . ln(K+L) Derivative to K
Q(K,L) =( K^2 + L^2) / (K+ L) Dervative to L
A. Calculate the derivative in point (10,L)
If I am correct this is Q'(10,L) = (100 + L^2) / (10 + L)
B. Calculate the change in Produced units when K remains 10 and L changes from 5 tot 10.
I know: Delta Q = Integral (from 5 to 10) [(100 + L^2) / (L + 10) dL]
This will give the right answer. But we have to calculate it with a simple calculator and I can't work out this integral by hand. Is there a alternative way to calculate this?
Thanks!
However partial derivatives are given
Partial derivatives:
Q(K,L) = (K^2 - KL + L^2)/(K+L) + 4K . ln(K+L) Derivative to K
Q(K,L) =( K^2 + L^2) / (K+ L) Dervative to L
A. Calculate the derivative in point (10,L)
If I am correct this is Q'(10,L) = (100 + L^2) / (10 + L)
B. Calculate the change in Produced units when K remains 10 and L changes from 5 tot 10.
I know: Delta Q = Integral (from 5 to 10) [(100 + L^2) / (L + 10) dL]
This will give the right answer. But we have to calculate it with a simple calculator and I can't work out this integral by hand. Is there a alternative way to calculate this?
Thanks!
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