Find the rate of change of output with respect to time, if the production function is Q=A(t)K(alpha)L(beta),

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Find the rate of change of output with respect to time, if the production function is Q=A(t)K(alpha)L(beta), where A(t) is an increasing function of t, and K=K0 + alpha t and L=L0 + beta t.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Jun 26, 2019 01:38 AM

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Find the rate of change of output with respect to time, if the production function is Q=A(t)K(alpha)L(beta),

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Qt At K a LB At K t 4 B1 AtKLKt at L t B t A1 KL K At Bt AttL A... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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