Section 14.3 Partial Derivatives
Ex 85
Show that the Cobb-Douglas production function satisfies
\[P(L, K_0) = C_1(K_0)L^\alpha\]
by solving the differential equation
\[\frac{dP}{dL} = \alpha
\frac{P}{L}\]
(See Equation 6.)
Show that the Cobb-Douglas production function satisfies
\[P(L, K_0) = C_1(K_0)L^\alpha\]
by solving the differential equation
\[\frac{dP}{dL} = \alpha
\frac{P}{L}\]
(See Equation 6.)