In: Economics
Suppose Z = X1/3Y 2/3. Graph the corresponding partial derivative of Z with respect to X, holding Y constant.
Justify the direction and curvature of your graph using the signs of the relevant derivatives. Passing requires 1) correctly differentiating the function; 2) identifying the correct derivative(s) to determine direction; 3) identifying the correct derivative(s) to determine curvature; 4) correctly interpreting the signs of these derivatives to graph the function; and 5) graphing the function and labelling the axis.