The production function z for a country was once estimated as z=x°.'yo.°, where x stands for the amount of labor and y stands for the amount of capital. Find the 0.7 0.6 dz dz marginal productivity of labor (that is, find ) and of capital (that is, find :) ду дх ze дх II

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.