Question

. You own a company which produces lawn-mowers and has Cobb-Douglas
production function P = x^0.3 y^0.7 where P, the number of lawn-mowers
produced per year, is constant. The number of employees is denoted
by x and the daily operating budget in Rands is denoted by y.
(a) Use implicit differentiation to find dy
dx. The answer can be left in
terms of x and y