Mathematical Economics Doubt
Posted by
Homer Simpson on
Apr 10, 2014; 4:48pm
URL: http://discussion-forum.276.s1.nabble.com/Mathematical-Economics-Doubt-tp7586591.html
Obtain a linear approximation to the production function x = 3K^(2/3)L^(1/3) near K=1000 and L=125. Using this approximation, estimate the output if K = 998 and L=126
what does this linear approximation mean exactly? partial derivatives??
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