In: Economics
Find the first-order and second-order partial derivatives of the following functions:
(x,y) =x2y3
Z = f(x, y) = x2y3
(1) First-order partial derivatives are:
Zx = Z/x = 2xy3
Zy = Z/y = 3x2y2
(2) Second-order partial derivatives are:
Zxx = /x(Z/x) = 2y3
Zyy = /y(Z/y) = 6x2y
Zxy = /y(Z/x) = 6xy2
Zyx = /x(Z/y) = 6xy2