Introduction: The rate of production can be important information. The rate of production is the derivative of the production function.
Definition: For a production function P(t) the rate of production is given by P′(t).
Example: For a production function P(t)=10t, with t in hours. The rate of production is P′(t)=10 for every t. Hence, 10 products are produced per hour.
Definition: For a production function P(t) the rate of production is given by P′(t).
Example: For a production function P(t)=10t, with t in hours. The rate of production is P′(t)=10 for every t. Hence, 10 products are produced per hour.