Partial differentation

Question 1

What is partial differentation?

Answer 1

Partial derivatives are defined as derivatives of a function of multiple variables when all but the variable of interest are held fixed during the differentiation.

Question 2

In economics what is the partial derative of q(k,l) with respect to k then L?

Answer 2

Question 3

How do we denote partial derative of f with respect to x?

Answer 3

It uses a curly d

Question 4

How do we denote partial derative of f with respect to y?

Answer 4

Question 5

What is the simple way to calculate partial derative?

Answer 5

you just keep the letter than are you are differentating constant and differentatie the rest.

Question 6

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Question 8

What are the 4 second order partial derative equations in shorthand?

Answer 8

Remember that fyx = fxy

Question 9

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Question 11

What is the look of a homoegenous function

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Question 12

What does it mean if a function f(x,y) is homogenous to degree r

Answer 12

Question 13

What is this called?

Answer 13

Cobb douglas function

Question 14

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Question 17

In economics how can we see homeogeonous functions?

Answer 17

as telling us about how our outputs change when we scale up our inputs.

Question 18

If we increase our inputs f(x,y) by a factor of lander, what is our outputs?

Answer 18

Question 19

What does lander to the power of r mean?

Answer 19

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Question 21

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Question 22

What is euler theorem?

Answer 22

if a function f(x,y) is an homogenous function to degree r then we get below.

Question 23

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Question 25

Carry on from last here

Answer 25

carry from from the economics of eulers theorem.