Before the final, flavour C
What does a partial derivative measure?
Hold one input of a function of two variables fixed and what is left is a function of one: a partial derivative is the slope of that slice.
Builds on the chain rule and logarithms.
The lesson as text
1. A map of output
A workshop makes units from hours of labour and machine hours. Each curve on the map joins the inputs that make one output: or . The point uses and , on the curve for .
Question: Keep and double the labour to . What happens to output?
About : . The point moves right along the line , past the curve for but short of . Holding at leaves a function of alone, , drawn below.
The figure: Level curves of Q = 4√(LK) for Q = 8, 16, 24, 32 and 40, with labour L across and machine hours K up. A point at L = 8.0, K = 9.0, where Q = 33.94, and a dashed line through it with K held at 9.0. The slice of Q with K held at 9.0: Q = 12.00√L, against L. The point at L = 8.0, Q = 33.94.
2. Slice and slope
The curve below is the slice of along . Its slope at a point is the partial derivative , the marginal product of labour: extra output per extra hour of labour, with machine hours held fixed. At it is .
Drag the point along the line until one more hour of labour adds about units: .
At the slope is , down from at : each extra hour adds less than the last. On the map, the level curves cross the line further apart as grows, which is the same fact.
The figure: Level curves of Q = 4√(LK) for Q = 8, 16, 24, 32 and 40, with labour L across and machine hours K up. A point at L = 9.0, K = 9.0, where Q = 36.00, and a dashed line through it with K held at 9.0. The slice of Q with K held at 9.0: Q = 12.00√L, against L. The point at L = 9.0, Q = 36.00. Its tangent has slope 2.00.
3. The other slice
Now hold the labour at and change the machine hours: the slice runs up the map, and below it is . Its slope is , the marginal product of machine hours.
Question: At , , which adds more output: one more hour of labour, or one more machine hour?
An hour of labour. , against . Each partial derivative answers one question: what one input adds while the other stays where it is.
The figure: Level curves of Q = 4√(LK) for Q = 8, 16, 24, 32 and 40, with labour L across and machine hours K up. A point at L = 4.0, K = 9.0, where Q = 24.00, and a dashed line through it with L held at 4.0. The slice of Q with L held at 4.0: Q = 8.00√K, against K. The point at K = 9.0, Q = 24.00. Its tangent has slope 1.33.
4. Held means held
A common slip lets the held input move as well, and adds the two rates: for . That number is a slope too, but not along the line .
Question: Along which path through the point does change at per hour?
Along the diagonal, in amber: below, as both inputs rise together, with slope at the point. The green slice holds and has slope . Along the level curve does not change at all. In , is a constant, so no part belongs.
The figure: Level curves of Q = 4√(LK) for Q = 8, 16, 24, 32 and 40, with labour L across and machine hours K up. A point at L = 4.0, K = 9.0, where Q = 24.00, and a dashed line through it with K held at 9.0. An amber line runs through the point at 45 degrees, where both inputs rise together. The slice of Q with K held at 9.0: Q = 12.00√L, against L. The point at L = 4.0, Q = 24.00. Its tangent has slope 3.00. An amber curve is Q along the diagonal, with slope 4.33 at the point.
5. Where it is held matters
Held fixed is not the same as left out. has in it: hold the machine hours at another level and the whole slice below changes.
Drag the point up or down until, at , one more hour of labour adds units.
At , . With fewer machine hours each hour of labour adds less, and the slice, now , is flatter everywhere. A partial derivative depends on both inputs, though only one moves along its slice.
The figure: Level curves of Q = 4√(LK) for Q = 8, 16, 24, 32 and 40, with labour L across and machine hours K up. A point at L = 4.0, K = 4.0, where Q = 16.00, and a dashed line through it with K held at 4.0. The slice of Q with K held at 4.0: Q = 8.00√L, against L. The point at L = 4.0, Q = 16.00. Its tangent has slope 2.00.