Consider the production function P(t)=ett. Determine the rate of production at t=4.
214e4
14e4
4e4
412
Consider the production function P(t)=ett. Determine the rate of production at t=4.
Antwoord 1 correct
Correct
Antwoord 2 optie
4e4
Antwoord 2 correct
Fout
Antwoord 3 optie
412
Antwoord 3 correct
Fout
Antwoord 4 optie
14e4
Antwoord 4 correct
Fout
Antwoord 1 optie
214e4
Antwoord 1 feedback
Correct: The rate of production is

P(t)=ett+et12t=et(t+12t).

Hence, at t=4 this gives P(4)=e4(4+124)=214e4.

Go on.
Antwoord 2 feedback
Wrong: The rate of production at t=4 is not P(4).

See Rate production process
Antwoord 3 feedback
Wrong: The production rate is not equal to the elasticity.

See Rate production process and Elasticity.
Antwoord 4 feedback
Wrong: You have to apply the product rule.

See Rules of differentiation.