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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
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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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