Suppose both that the amount of capital at time t, K = K (t), and that...

 

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Suppose both that the amount of capital at time t, K = K (t), and that the efficiency with which it is used affect GNP according to the function %3D Y = f(K, t) = 0.2(1 +t)/2K, where K Koe ,0.05t Find and give the economic intuition of the derivative dY dK = fi + fx dt dt Suppose both that the amount of capital at time t, K = K (t), and that the efficiency with which it is used affect GNP according to the function %3D Y = f(K, t) = 0.2(1 +t)/2K, where K Koe ,0.05t Find and give the economic intuition of the derivative dY dK = fi + fx dt dt